Wrigley Partington

Chartered Accountants & Business Advisors

Business Allowances

Tax and accountancy

Capital Allowances

Motor Cars - expenditure incurred after 1 April 2018

   

- over 110g/km (previously 130g/km)

8% Special rate pool

- less 110g/km  (previously 130g/Km)

18% Plant & Machinery pool

- up to 50g/km  (previously £75g/km)

100% First year allowance
Plant and Machinery    
Annual Investment Allowance 100% First £200,000 (excludes cars) from 1 January 2016 (companies) - previously £500,000
     
Writing down allowance (WDA):    
- integral features & long life assets 8% On reducing balance
- other plant & machinery 18% On reducing balance
Energy-saving technologies 100% First year allowance
Patent rights & know how 25% On reducing balance
     
Research & Development (R&D)    
Enhancement rate of relief up to 31 March 2016 (no relief after 1 April 2016) 130% On qualifying costs
Expenditure credit rate  11% R&D tax credits
     

Address

Wrigley Partington Chartered Accountants

Sterling House

501 Middleton Road

Chadderton, Oldham

OL9 9LY