There is a short time remaining if you wish to take advantage of the temporary increase in the Annual Investment Allowance (AIA).
It applies for qualifying expenditure incurred between April 2014 and December 2015 with the maximum amount of AIA being £500,000 for this temporary period. It will then, unless otherwise announced, revert back to £25,000.
If you are taking advantage of the increase, remember that the basic rule is that expenditure is incurred on the date on which the obligation to pay becomes unconditional. However, if there is a gap of more than four months between the date on which the obligation to pay becomes unconditional and the date on which payment is required to be made, then the expenditure is not treated as incurred until the date on which payment is required to be made.
You also need to be aware of the transitional rules that apply when the threshold changes. You can find worked example of this in our Guide to....Annual Investment allowance (AIA).