Budget

Economic Update 2020

Following Rishi Sunak’s Summer Statement on Wednesday, we have produced a summary of the main announcements in a downloadable Economic Update.

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Annual investment allowance increase for capital allowances

The amount of “up-front” tax relief which is available for capital expenditure on plant and machinery, equipment and fixtures and fittings (but not property assets) has been up and down like a yoyo for the last 4-5 years, and this year is no exception. Having reduced...

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