One of the most eye-catching proposals in Philip Hammond’s Budget was that the Annual Investment Allowance would increase from its current level of £200,000 to £1,000,000 for the calendar year 2019 and 2020. Steve Moody of Construction Plant Finance Ltd explains more.
The Annual Investment Allowance (AIA) is the amount of capital equipment a business can purchase and be able to claim all related tax benefits in the year the assets were purchased.
