News & Important Dates

£1M annual investment allowance to continue to 1 January 2022

The Government announced on the 12 November 2020 that the Annual Investment Allowance for capital investment in qualifying plant and machinery will remain at £1m until 1 January 2022.

The Annual Investment Allowance provides 100% capital allowance relief against trading profits.

The temporary £1m cap was originally due to revert to £200,000 on 1 January 2021 and the extension is intended to support business confidence.

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