tax, money, capital investment


Under the super-deduction – 1 April 2021 until 31 March 2023 – any investments your business makes in main rate plant and machinery will qualify for a 130% capital allowance deduction. The super-deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest. Thus, businesses can re-invest their profits (taxable income) back into their businesses whilst being able to claim a further 30% against their taxable income; reducing their tax bill and acquiring new equipment at the same time!

Most tangible capital assets used in the course of a business are considered plant & machinery when claiming capital allowances. This means that a brand new pure water machine is on the cards! Visit the rest of our website or give us a call (01793 871386) to discuss what your business needs.

Watch the video below to learn more about this opportunity!

What can you claim on the Super Deduction?

There is not an exhaustive list of plant and machinery assets. The kinds of assets which may qualify for either the super-deduction or the 50% First Year Allowance include, but are not limited to:

• Vans, Tractors, lorries  
• Solar panels
• Computer equipment and servers
• Ladders, drills, cranes 
• Office chairs and desks
• Electric vehicle charge points 
• Refrigeration units 
• Compressors 
• Foundry equipment

For more detail on the eligibility of different types of investments please check the GOV website.