Investment incentives amidst Brexit uncertainty

Brexit continues to dominate the news, notably in the context of potential business migrations, like Dyson.

In this context, it is not surprising that the government is now seeking to encourage investment in the UK, given this potential trend. This is why the feature story in the Spring edition of our newsletter, Capital allowances in focus, looks at the new structures and buildings allowance, and changes to the annual investment allowance which may prove attractive to businesses looking to make large investments.

This measure along with improvements to apprentice training incentives is geared to create jobs and opportunities for the long term.

Looking more widely, we also cover:

• Double hit to company cars –Company cars are growing more expensive, with the tax regime changing to make ultra-low emissions vehicles more attractive.
• Restricting entrepreneurs’ relief –New requirements are being introduced for those seeking to take advantage of this valuable relief. A must-read for business owners who would be looking to benefit from this generous relief.
• Making Tax Digital – the start date looms ever closer. Contact us if you are unsure how your business is affected.

We will bring you another update in a few months. Please do get in touch if you think you may be affected by any of the topics raised.