Enhanced Machinery, Enhanced Productivity
Super Tax Deduction - Plant and Machinery Assets
Did you know that from the 1st of April 2021 until the 31st of March 2023, companies investing in qualifying new plant and machinery assets will be able to claim:
- a 130% super-deduction capital allowance on qualifying plant and machinery investments
- a 50% first-year allowance for qualifying special rate assets
The super-deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest and could assist in the purchase of a new labelling machine.
Click below for further information:
Super-deduction - GOV.UK (www.gov.uk)
Super-deduction
A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets.
