A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets. We have produced a fact sheet that explains the Super-Deduction in detail – download the PDF.
From 1 April 2021 until 31 March 2023, companies investing in qualifying CNC machinery assets will be able to claim:
The super-deduction will allow your company to cut its tax bill by up to 25p for every £1 you invest, enabling you to invest in CNC machinery, and to make those investments now.
This super-deduction can allow you to invest in productivity-enhancing plant and machinery assets that will help your business grow. Please speak to your accountant to confirm how this tax relief will work for your business.
For more details and advice call 01603 760539 or email firstname.lastname@example.org
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