"An immensely useful resource"... "My only question is - why did we not subscribe before..." "Stunning" ...Read More Reviews

This Practical Tax Database and Virtual Tax Partner® Toolkit is your online tax partner. It answers all your key tax FAQs, is packed with useful and practical tax and business guidance.

The information gathered here is split into tax planning guides, FAQs, know-how and tools. With worked examples and tax compliance checklists.

Register to receive our FREE news update service.

Subscribe to UNLOCK the full site*.

Tax advice? Contact the Virtual Tax Partner® support service for advisers and their clients.

The contents of the site are subject to T & C & Copyright © 2021.

* The R&D & Patent Box zone is premium content and available separately.

Annual Investment Allowance (AIA) 

From 1 January 2022

  • The £1 million Annual Investment Allowance limit is now extended to 31 March 2023. It was due to decrease to £200,000 from 1 January 2022.
  • Transitional rules will apply where a business has a tax period that spans 1 April 2023, when the limit reverts to £200,000.

Vehicles: technical amendments

From 2017

  • The Capital Allowances Act 2001 will be amended to update the official vehicle approval documentation recognised for determining the level of a Vehicle’s CO2 emissions. This will include the new certificates of conformity which will be introduced in 2022. 
  • An amendment will be made to treat the applicable emissions figure as that arising from the Worldwide Harmonised Light Vehicle Test Procedure.
  • These amendments will have effect from the 2017-18 tax year for Income Tax or for accounting periods ending on or after 4 November 2017 for Corporation Tax.

Useful guides on this topic

Autumn Budget 2021: At a glance
A summary of key budget announcements together with items published without announcement.

Annual Investment Allowance (AIA)
What is the Annual Investment Allowance? What are the limits? What expenditure qualifies? 

Oak ad
Are you enjoying our content? 

Thousands of accountants and advisers and their clients use www.rossmartin.co.uk as their primary TAX resource.

Register with us now to receive our unique FREE Tax Planning Tips and Advice Guide & our FREE OMB Newsletter.




Enjoying the Practical Tax content on www.rossmartin.co.uk? 

Sign up now to receive a unique FREE Tax Planning Tips and Advice Guide & our FREE Newsletter.

.Squirrel ad