Press release

23 Mar 2022 London, GB

EY - Spring Statement: Annual Investment Allowance - Here we yo-yo again

Chris Sanger, EY’s Head of Tax Policy, comments:“Those who play Budget Bingo have often hoped to have “Annual Investment Allowance” on their card. This relief, nicknamed the “yo-yo” allowance, as it seems to go up or down with each statement, was put once again out for discussion. The Chancellor’s 11 page Tax Plan offers the prospect of this £1m allowance dropping not to £200,000 as planned but a new level of £500,000. With this bound to be in the forthcoming Budget, anyone holding that in their card next Autumn will be onto a winner.”

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Chris Sanger, EY’s Head of Tax Policy, comments:

“Those who play Budget Bingo have often hoped to have “Annual Investment Allowance” on their card. This relief, nicknamed the “yo-yo” allowance, as it seems to go up or down with each statement, was put once again out for discussion. The Chancellor’s 11 page Tax Plan offers the prospect of this £1m allowance dropping not to £200,000 as planned but a new level of £500,000. With this bound to be in the forthcoming Budget, anyone holding that in their card next Autumn will be onto a winner.”

For all our Spring Statement analysis visit our dedicated web page.