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.