2007 Budget: Capital Allowance Changes and
How They Can Help Your Business

Every business person knows there’s a simple way to keep more of the money they’ve earned – by cutting the tax bill. But not all businesses use their allowances as effectively as they could.

Capital allowances are designed to help you invest in your business by allowing you to offset part of the cost of major purchases against taxable profits; it’s like a helping hand from the Government.

The recent Budget made some important changes to what you will be able to claim in future. At Lombard, we’ve produced a factsheet (pdf) that gives you an at-a-glance view of the recent changes and what they mean to your business.

Looking for finance? Talk to Lombard

You probably know we provide finance for cars and vans, but our service doesn’t stop there – we can finance virtually any asset, from new computers to plant and machinery. And, as part of The Royal Bank of Scotland Group, we’re one of the biggest providers of asset finance to businesses across the UK and have over 145 years of experience to share.

If you’re thinking of acquiring or replacing business assets over the next 12 months please visit www.lombard.co.uk/quote and tell us more. If there’s something special you’d like details on, just let us know. Alternatively, you can call us on 0800 502 402*.

Helpful information

If you would like further information on capital allowances and the recent budget changes visit the HMRC

If you’d like the inside track on the wider economy and the prospects for UK business over the coming year go to www.rbs.com/economics and download the latest insights.

* Calls may be recorded