AIA - Annual investment allowance increased!

AIA - Annual investment allowance increased! AIA gives a tax break on most plant and machinery up to a capped investment of £500,000! (Increased from £250,000 in the Chancellors’ 2014 budget and extended to 2015) AIA - ideal for offsetting cost of R-22 replacement For more information on R-22 replacement please visit our website: http://bit.ly/13yOQY6 What is AIA? AIA (Annual Investment Allowance) is designed for businesses investing in mainly plant or machinery, enabling them to claim full tax relief on up to £500,000 of the equipment expenditure in the tax year 2014. The AIA is in effect an Enhanced Capital Allowance that works in the same way as the Energy Technologies List (ETL) however the equipment is NOT required to be on the ETL to qualify. Benefits of AIA Helping your customers gain a useful tax break on their investment Making your customers aware can help to accelerate their decision making process Who AIA is available to • Any individual carrying on a qualifying activity (this includes trades, professions, vocations, ordinary property businesses and individuals having an employment or office) • Any partnership consisting only of individuals • Any company (subject to certain limitations) How to claim AIA To claim for AIA is as simple as ticking the Enhanced Capital Allowance box on a tax return form and including details of the plant or machinery that was invested in. Further Information To find out more on AIA, please visit the below link: http://www.hmrc.gov.uk/capital-allowances/plant.htm#3