Osborne surprises with increased tax allowance for business investment
March 20, 2014
In yesterday’s surprise announcement the Chancellor announced that the Annual Investment Allowance (AIA) for capital expenditure will be doubled from £250,000 to £500,000 from 1 April 2014, for companies or 6 April 2014 for unincorporated businesses until 31 December 2015. The AIA will return to £25,000 after this date. This