According to a report by the FLA, the leading trade association for the asset finance sector in the UK, its members contributed funding worth £20.8 billion to the business sector and public services in 2011, representing about 25% of all fixed capital investment in the UK.
And for businesses seeking to maximise their tax allowances, clearly now is the right time to act if they are considering a Lease Purchase Agreement for additional or upgraded equipment. This is because the deadline for the new Financial Year is fast approaching – bringing new rules that will likely affect the tax position of many UK businesses and their ability to claim tax relief.
To find out more about these significant tax implications and how they may apply to your business, call Kevin, Alex or Jeremy on 01494 689 535 or email kevin.stocker@westwon.co.uk
The WestWon team