HMRC HELPS UK BUSINESSES INVEST IN EQUIPMENT BY SETTING THE ANNUAL INVESTMENT ALLOWANCE TO £1M
Why it’s easier to plan spending this year UK governments have always allowed businesses to reduce their tax bills by investing in capital equipment. As long as businesses make a profit, they pay either income tax (unincorporated businesses), or corporation tax (limited companies). Tax liability is calculated as a percentage of pre-tax profits. Capital expenditure:…
