ICAEW - Member firm

Registered to carry on Audit Work in the UK and regulated for a range of Investment Business Activities by The Institute of Chartered Accountants in England and Wales
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AND CHANGES FOR 2017/2018 previously announced
(Subject to details in the Finance Bill)
Ellis Atkins have taken all due care in the presentation of these notes. No responsibility for loss occasioned to any person or company acting or refraining from action as a result of any material in these notes can be accepted by Ellis Atkins, its partners or staff. Please contact us or your own professional advisor for advice specific to your circumstances.

An AIA (Annual Investment Allowance) of £200,000 is available for the year. This provides an annual 100% allowance for investment in plant and machinery.

Businesses whose accounting periods are not aligned to the tax year should be aware that the AIA are time apportioned. Specific advice should be sought in relation to the timing of significant capital expenditure to ensure the most appropriate relief is available as timing can be important.

100% First Year Allowance (FYA) for businesses purchasing low emission cars is extended to April 2021.

The AIA is in addition to the existing 100% Enhanced capital allowances schemes for environmentally beneficial plant and machinery.