Annual Investment Allowance

jewels.p

Hi,

Hoping someone can help me with this please. We are currently renovating our Factory (Plant & Equipment). We have already reached the £200,000 limit for claiming the AIA for this year and my Boss wants to try and get some of the items put into next years AIA if possible. The problem is we have ordered new mixing tanks and the Supplier will be manufacturing them and sending them up to us early January although they want paid on a pro-forma basis before Christmas. The actual Invoice will be dated January. Our year end is 31/12/2013.

My question is will I be able to include the mixing tanks in next year's AIA as the Invoice will be dated January or does it go by when we actually paid for them which would be this year?

:001_unsure:
Any help much appreciated.

Thanks

KernowAccountant

s.5 CAA 2001 gives the answer.