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AIA changes offer tax savings
The March 2014 Budget announced a temporary increase in Annual Investment Allowance (AIA) from £250,000 to £500,000, though it is scheduled to revert back to £250,000 on 1 January 2016. The enhanced AIA of £500,000 is available for capital expenditure on plant, machinery and commercial vehicles (not cars) purchased from April 2014 until 31 December […]