Make sure you take advantage of the Government’s Super-Deduction Allowance
The super-deduction allowance is the most attractive tax incentive for business investment ever offered by a British government.
From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will be able to claim:
The super-deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest, ensuring the UK capital allowances regime is amongst the world’s most competitive. The super-deduction tax break is intended to spur business investment, boost the UK’s post-pandemic economic recovery, and improve the country’s productivity levels over the next two years.
Sadly, it’s only a temporary measure and can only be applied to qualifying expenditure from 1 April 2021 to 31 March 2023.
Don’t miss out! Call our Sales team now and let us introduce you to our funding providers:
Kennet Equipment Leasing “Giving a business the power to grow”