Vicky Godliman

Making use of Enhanced Annual Investment Allowances

Making use of Enhanced Annual Investment Allowances

Last year’s Autumn Statement announcement brought some highly encouraging news for British technology companies and small business. Chancellor George Osborne revealed that corporation tax will be reduced to 21 per cent from April 2014 and that figure was revised down again to just 20% in the Budget 2013. In addition, it was announced there would be a tenfold increase in Annual Investment Allowances from £25,000 to £250,000. These moves are positive steps that are set to be of great benefit to non-tech SMEs investing in the technology and tools to get themselves up and running with the most up-to-date technologies. At a time when many organisations are struggling to justify investment in IT, these new Government initiatives are sure to be welcomed by businesses both large and small. H... »