Over the past 30 years I have implemented a number of different systems… and Microsoft Dynamics AX is the best system I’ve seen - a full-fledged production control system with integrated financials - and it works straight out of the box.
Simon Young, Managing Director, Ingram Brothers
Beat the taxman before it’s too late and reduce your corporation tax charge by up to £16,000
November 15, 2011
You may be aware that a severe cut to capital allowances, contained in the draft Finance Bill 2011, was confirmed in the Government’s latest Budget. This means you may be able to reduce your organisation’s Corporation tax charge by up to £16,000 by investing in your IT Capex project before April 2012.
Key details of the changes:
- The Annual Investment Allowance (AIA) limit will be reduced from £100,000 to £25,000 from 1 April 2012.
- The rates of annual Writing Down Allowances will reduce from 20% to 18% for plant and machinery and from 10% to 8% for special rate assets from 1 April 2012.
In brief, what qualifies is any IT equipment that will appear on your balance sheet, including associated costs e.g. professional services to install, configure and make it operational.
Integrys always works closely with its clients to maximise their IT spend and also to ensure their businesses do not lose out on any financial incentives that may be available. In addition to these savings, Integrys is currently offering preferential finance rates and packages through Microsoft to make a saving while also deferring payment.
Please contact us at any time for further information.
You can read the full document here: Overview of draft legislation for Finance Bill 2011.
