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The 2015/16 Annual Investment Allowance and what it means for UK SMEs

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With the recent introduction of a new and increased Annual Investment Allowance, the next few years seem the optimum time for UK businesses to consider investing in new plant machinery for maximum tax benefits.   Early last month, George Osborne, the Chancellor of the Exchequer, announced his Summer Budget to Parliament. Included as one of […]

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The 2015/16 Annual Investment Allowance – A brief summary

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The Annual Investment Allowance (AIA), which was set to be reduced from its temporary figure of £500,000 to a mere £25,000 will, from 1st January 2016, be set at a figure of £200,000 – a U-turn that is the sure to delight businesses and entrepreneurs throughout the UK     The AIA was introduced back […]

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BANK BASE RATE

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Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion   The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.  The Committee also voted to maintain the stock of asset purchases financed by the […]

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ANNUAL INVESTMENT ALLOWANCE INCREASE

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    In his Autumn statement, The Chancellor has increased the Annual Investment Allowance (AIA) from £250,000 per annum to £500,000 per annum until December 2015.   The AIA is a kind of Capital Allowance, which offers tax relief at 100% on qualifying expenditure in the year of purchase. Therefore, you are now able to […]

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BANK BASE RATE

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          Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion     The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.  The Committee also voted to maintain the stock […]

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ANNUAL INVESTMENT ALLOWANCE INCREASE

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In his Autumn statement, The Chancellor has increased the Annual Investment Allowance (AIA) from £25,000 per annum to £250,000 per annum from the 1st January 2013.   The AIA is a kind of Capital Allowance, which offers tax relief at 100% on qualifying expenditure in the year of purchase. Therefore, you are now able to […]

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BANK BASE RATE

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    Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Program at 375 Billion   The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on Commercial Bank reserves at 0.5%.  The Committee also voted to maintain the stock of asset purchases, […]

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