Folkes Worton Insight

Enterprise zones – new maps published

Enterprise zones were first launched in 2011 and are specific geographic areas that provide various tax breaks and Government support. Businesses that set-up in enterprise zones can benefit from up to

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Folkes Worton Insight

Capital allowances when you sell an asset

Capital allowances is the term used to describe the tax relief businesses can claim on certain capital expenditure and thereby reduce the amount of their taxable profits. Most ‘capital’ items, such as

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Folkes Worton Insight

Tax write downs for business cars

Capital allowances allow businesses to secure tax relief for certain capital expenditure. Qualifying expenditure on cars must usually be allocated to one of two general pools of expenditure. Which

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Folkes Worton Insight

Claiming the Annual Investment Allowance

The Annual Investment Allowance (AIA) was permanently set at £200,000 for all qualifying expenditure on or after 1 January 2016. The prior limit had been £500,000 but was set to revert to its original

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