Super Tax Deduction
For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. Companies investing in equipment, plant and machinery assets will be able to claim up to 25p for every £1 they invest.
BENEFITS FOR YOU AND YOUR COMPANY
- Save more money when upgrading to more economical and energy efficient equipment.
- More reliable, consistent performance
- Strengthen the future of your business by investing in new assets
- Limited time offer so now is the time to act.
FOR EXAMPLE
An investment of £100,000 in new refrigeration could result in a Super – Deduction of £130,000 against taxable profits.
In this example, applying the current corporation tax rate of 19%, the company could achieve a substantial saving of £24,700.
