|
|
|
|
|
02/11/2011
 Email to a friend
 Comment on this article
|
CAD/CAM software specialist Delcam is urging manufacturing companies to make the most of changes in the annual investment allowance by investing in new or additional software during their current financial year.
 Delcam UK general manager Steve Creron believes this could significantly reduce the net costs of investment, since the tax savings could be up to £20,625, based on the current marginal corporate tax rate.
Chancellor George Osborne announced changes to the annual investment allowance in his emergency budget on 22 June 2010. For the current fiscal year, qualifying capital expenditure of up to £100,000 can qualify for 100% deduction when calculating taxable profits.
CAD/CAM software and associated computer hardware is normally classed as qualifying expenditure, but the limit will be reduced to £25,000 per annum from April 2012. Hence the urgency.
"We believe that any investment in Delcam software will boost the productivity and profitability of our customers," comments Creron .
"The opportunity to reduce their tax bills is a welcome additional benefit, provided that they purchase the software during their current financial year."
|
|
| |
Author
Brian Tinham
|
| |
| |
This material is protected by Findlay Media copyright 2012.
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies contact the sales team.
|
| |
|
|
| |
To comment on news stories or blogs you need to complete our 60 second registration
process. Once completed this then allows you to download any and all white papers,
register for e-zines and access our detailed supplier directory for FREE.
If you are all ready a registered user then enter your e-mail address and login.
You will need to have logged in prior to entering your comments in the boxes provided.
|