Manufacturers unaware of increased AIA

Posted on 9 Jan 2014 by The Manufacturer

A survey from asset finance provider Lombard has revealed less than a third of UK SME manufacturers are aware of the temporary increase to the UK Annual Investment Allowance.

Government moved to introduce a two-year increase to the UK’s Annual Investment Allowance (AIA) in the 2012 Budget announcement. Since December 2012, companies have been able to claim a full deduction of taxable profits against the first £250,000 of capital investment made in the year. This temporary tax measure will remain in place until December…

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