Take advantage of the Annual Investment Allowance (AIA)

Buy a commercial vehicle from Ciceley Commercials Ltd before the end of the current tax year and you could benefit from 100% tax relief on your purchase. If your tax year runs from January to December you need to hurry or you could run out of time and miss the opportunity to claim the £100,000.

We understand tax allowance rules can be confusing and so we have tried to simplify it for you below:

The Annual Investment Allowance (AIA for short) was introduced by the government in 2008.

It allows businesses to claim 100% tax relief on most purchases of plant and machinery,  including all vehicles classed as commercial vehicles (excluding cars). The maximum amount you can claim in any one year is £100,000.

Who is eligible for the AIA ?

All businesses, from sole traders and partnerships through to the largest limited companies, are eligible for the £100,000 allowance.

The AIA is allowable on all eligible plant and commercial vehicles (excluding cars) up to a maximum of £100,000 in each tax year. Any expenditure over the £100,000 limit is dealt with under normal Writing Down Allowance rates or any special first year allowance rates that may apply.

So I can use my AIA to buy a Mercedes-Benz van?

Yes, you can use your AIA to purchase a van - new or used. Whether you buy outright or on Hire Purchase, or using Mercedes-Benz Agility (contract purchase) it's still applicable. In fact, any interest paid is also a wholly allowable business expense.

Do you need to carry passengers as well as cargo? As you can’t use AIA to purchase a car, why not consider a Vito Dualiner? The Vito Dualiner can seat up to 5 passengers and carry an ample load, making it the perfect choice.

So, contact us today to order your new vehicle before the end of the tax year to ensure you benefit from the allowance.  The AIA is going to be reviewed in the next budget and so it may not be around for ever, make sure you benefit this year!

Save tax and drive your business forward with Mercedes-Benz.

To book a test drive or enquire about a van contact Jonathan Ramsay on 07810 792897 or email vansales@ciceley.com

Location Telephone
Bolton 01204 383835
Blackburn
 01254 870990
Carlisle 01228 544611
Dumfries 01387 250822