The Chancellor’s Autumn statement confirming that he is making the ‘full expensing’ tax break permanent has come as a welcome move to most businesses considering future capital investment. This goes some way to counteracting the increase in corporation tax and the end of the super-deduction relief that came into effect in March ’23.

BFS Comment:

Encouraging to hear more talk about long-term planning. This is a phrase that has rarely been apparent in this country as far as the ‘political class’ is concerned, despite business having been crying out for it! Long may the trend last!

Having said this, getting tax relief on asset purchases is all well and good! The first problem for many SME’s, however, is having the finance to purchase the assets in the first place. If your company has this problem then call us at BFS to talk about the finance options available. Simply call Peter on 07770 866 955 or John on 07809 361664 for a free consultation.

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