The Super Deduction
If you are interested in lowering your corporation tax bill by up to 25%, then the new Super Deduction (introduced in the Budget 2021) is something that you may benefit from. The super-deduction offers 130% first-year relief on qualifying main rate plant and machinery investments until the 31st March 2023. So to put things simply, it can save your company 25p in corporation tax, for every £1 invested
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The Super Deduction Factsheet
The super deduction factsheet published by HM Treasury succinctly bullet points their reasons for introducing the super deduction. In the main it’s been brought into incentivise businesses like yours to invest and spend, as so there can be as stimulus in the economy after the covid-19 pandemic.
You can download a copy of the handout absolutely free.
Below you can watch a video, explaining what the Super Deduction is, who it is aimed at, and the benefits it offers.See more.