December 7, 2021

Invest NOW in your cutting and drilling equipment

Invest NOW in your cutting and drilling equipment

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:

  • 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, 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”