Budget: “Hooray for AIA!”
27th October 2021
In the Chancellor’s Budget on 27 October 2021 it was announced that the planned date for reducing the Annual Investment Allowance limit from £1m to £200k is being extended from 1 January 2022 to 31 March 2023. This will effect businesses who are planning on investing more than £200k in plant and machinery from January 2022.
The measure is set to encourage businesses to invest in plant and machinery whilst providing them with tax advantages, and to help boost the economy.
“Cuz I got a brand new combine harvester, An’ I’ll give you the key!” – The Wurzels
