UK manufacturers react to the Annual Investment Allowance extension

Posted on 19 Nov 2020 by Tom Lane
National Investment Bank for Britain - Puzzle with the national flag of great britain and british pound on a world map background - image courtesy of Depositphotos.
Businesses, including manufacturing firms, can continue to claim up to £1 million in same-year tax relief through the Annual Investment Allowance (AIA) for capital investments in plant and machinery assets until 1 January 2022. The extension of the temporary £1 million cap was originally due to revert to £200,000 on 1 January 2021. This move…

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