Capitalise on the enhanced AIA limit before it expires

Category: Food & Drink - Posted On: Jan 21 2020

Food and Drink producers often operate in a capital-intensive business environment. To continue to grow and invest in new plant and equipment, capital allowances are available which reduce the taxable profit, making investments more attractive.

On 1 January 2019, the Government introduced an enhanced Annual Investment Allowance (AIA) limit, from £200,000 to £1million. The two-year window was designed to encourage investment, and as it stands, will not be renewed when it expires on 31 December 2020.

With the temporary limit being the highest we have seen since the AIA was introduced in 2008, there has never been a better time to invest, and with less than 12 months left, we would encourage businesses in the Food and Drink sector to take advantage of this tasty relief!

For further information on AIA, or support with your food and drink business, please contact our EQ Food & Drink specialists via food& or call one of our offices.