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UK Government Announces Extension of Tax Break to Stimulate Investment in Manufacturing and Other Measures as Part of Tax Policy Update Statement

|Approved Changes|United Kingdom
United Kingdom

The UK government has announced an extension of the GBP 1 million annual investment allowance by one year to stimulate investment in UK manufacturing, and plans for future measures.

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Government extends £1 million tax break to stimulate investment in UK manufacturing

Annual Investment Allowance £1 million temporary cap will be extended until 1 January 2022.

  • new measures to tackle promoters of tax avoidance, including tougher sanctions and additional HMRC powers, to be consulted on this…

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