As confirmed in the Spring Budget, the U.K. Government has introduced a 130% ‘super deduction tax’ for businesses.
The March 2021 budget had a pleasant surprise: you can claim a 130% Capital Allowance on all new computer equipment and servers (which fall under the category of “Plant and Machinery”).
The super-deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest.
This will be in effect from April 1, 2021, until March 31, 2023.
The plant and machinery must be brand new and not used for lease in order to qualify for the super-deduction.
To find out more about how you can save money on buying new equipment for your business, call the sales team on 0330 0167681 or email email@example.com.
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