Autumn Budget Statement
The annual investment allowance for business has been increased from £25k to £250k which means Hire Purchase and Lease Purchase will be more tax efficient than leasing for many businesses.
This is effective from Jan 2013 and lasts for 2 years.
The annual allowance rate does depend on the financial year end as there are now several different rates in place. A customer’s accountant will be able to advise on the financial impact..
Not every business will be able to get HP due to the implications of the consumer credit act.
Please contact us if you need more information.
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