Autumn Statement brings an unexpected but welcome surprise for SMEs

The annual investment allowance, which had been recently reduced from £100,000 to £25,000, is to rise again! From 1 January 2013, it will be £250,000 for ‘at least’ the next two years. This is great news designed to help small and medium sized enterprises (SMEs) benefit from tax breaks for capital expenditure on plant and machinery. We have several clients considering major capex who will benefit significantly from this welcome move.  Contact us if you would like our help to understand the impact of the Autumn Statement on you/your business