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Want to find out more about the new Super Deduction Allowances? Our team of experts are on hand to help you with any questions you may have.
"The application process was quick and simple, with the funds landing in my business account just 24 hours following the lender acceptance. I wouldn't hesitate to use this product again, via Asset Funder who have understood what is important to us and have made the process really easy." James Cannon MD, IT Support Business
"The application process was quick and simple, with the funds landing in my business account just 24 hours following the lender acceptance. I wouldn't hesitate to use this product again, via Asset Funder who have understood what is important to us and have made the process really easy."
James Cannon MD, IT Support Business
A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets.
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 government has offered unprecedented support for businesses during Covid. Even so, pandemic-related economic shocks and the accompanying uncertainty have chilled business investment. This super-deduction will encourage firms to invest in productivity-enhancing plant and machinery assets that will help them grow, and to make those investments now.
You can contact us to learn more. Alternatively, you can download the government factsheet by clicking on the button below.
Super-deduction factsheet
