November 13, 2020

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Extension of £1m Annual Investment Allowances limit

The Annual Investment Allowance (AIA) for expenditure on plant and machinery is £1 million. This was a temporary rate which was set for the period 1 January 2019 to 31 December 2020, after which the rate was planned to revert back to £200,000. The Government, however, has just announced that they are extending the £1… Read More