News

Changes to the Capital Allowances system are being introduced to take effect from 2008/09, having been set out in the Budget and detailed in a consultation paper in July 2007.

The main changes are:

• the rate of writing down allowance for plant in the general pool will be reduced from 25% to 20%.
• a new annual investment on the first £50,000 of expenditure on plant.

Please contact Richard Baird for further information and advice, as appropriate.