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<p>The Government will maintain a competitive tax environment for business, ensuring
the UK remains one of the most attractive places in the world to invest, start and
grow a business.</p><p> </p><p>As part of this, last month the Government announced
a year-long extension to the £1 million temporary cap of the Annual Investment Allowance
(AIA). The AIA provides firms 100% same year tax relief on qualifying capital expenditure,
up to a fixed limit; and it responds to the needs of business, providing further upfront
support for investment in 2021.</p>
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