Market leading insight for tax experts
View online issue

Annual investment allowance

printer Mail

The ATT is calling for the temporary £1m annual investment allowance limit to be extended by at least 12 months, to 31 December 2021, to help businesses as they recover from the impact of coronavirus. Jeremy Coker, ATT President, commented: ‘It would not be very helpful if the incentive to invest in plant and machinery evaporated on the stroke of midnight on 31 December 2020 just when businesses were hopefully beginning to see signs of recovery in 2021 which would provide the necessary confidence to make such investment. I know there are many reasons for the Chancellor to already be thinking of his next Budget but it would be helpful to businesses if he were to indicate in advance of Budget Day whether or not the temporary increase will continue beyond 31 December 2020.’

Issue: 1500
Categories: News