In the Chancellor’s 2014 Budget, Annual Investment Allowances were raised from £250,000 to £500,000.
Anyone buying or financing capital equipment, machinery or commercial vehicles should ensure they time their purchase carefully to make the most of this fantastic scheme that can save companies a substantial amount of tax.
As it stands these allowances reduce back to £25,000 in December 2015 so consideration is needed now.
If funding is standing in your way, we can help. Our facilities are quick to arrange, flexible and competitive. Get the assets you need now and take advantage of these generous government tax incentives.
Please review this article in The Construction Magazine that details further information.
https://www.theconstructionindex.co.uk/news/view/construction-sector-is-missing-out-on-tax-relief-opportunity-says-jcb