Do it Now!

The press say that an incoming Conservative Government would reduce both the small company rate of Corporation tax to 20% and the main rate to 25%but would pay for it by abolishing the Annual Investment Allowance. Many business intending to invest in equipment over the next year or so are warned that now rather than later would be an excellent move, with the availability of the AIA under threat, and first year allowances of 40% also available for just one more month. A spend of £500,000 now would attract £230,000 in capital allowances, but later this could be as little as £100,000.