Annual Investment Allowance
Readers will be aware that from April 2014, AIA for Corporation Tax and Income Tax has been set at £500,000 per year up to 31 December 2015. It is scheduled to revert to £25,000 from 1 January 2016. While we gather that the vast majority of businesses spend less than £25,000 on qualifying assets, many businesses might do well to avail of the temporary high AIA ceiling. It does not apply to cars.