Commentary from Dennis Allison, Managing Director of Pacepacker Services
Since 2008, the HMRC annual investment allowance (AIA) has been revised four times and from 1st January 2016 will drop from an interim allowance of £500k to the highest permanent AIA ever of £200k. Managing Director of Pacepacker Services, Dennis Allison, shows how much £200,000 could buy you in automated palletising equipment, illustrates the ROI and explains why it is better to invest in new business assets than simply give the tax authority your hard earned profits.
Dennis comments: “When the Chancellor announced that he was capping the AIA at £200,000 in his 2015 autumn statement, medium sized companies operating in manufacturing and agriculture, two sectors that Pacepacker specialises in, breathed a sigh of relief. There had been speculation that it would revert to £25,000, so settling on a year-on-year tax relief allowance of £200,000 is a considerable boost to long term investment.”
