The annual investment allowance gives tax relief for expenditure on plant and machinery in the year it is incurred.
However the government intends to reduce the level of the annual investment allowance from 2012.
If you need to make a significant investment in plant and machinery over the next few years this change could affect when you receive your tax relief.
You should therefore be considering how to make the best use of the annual investment allowance, and whether or not any action is required now.
NFU members can read a briefing by clicking on the related document link to the right of the page.
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