The New Capital Allowance Super-Deduction

The new, highly anticipated capital allowance ‘super-deduction’ is intended to supercharge business growth and productivity in the UK with a generous tax break for companies.

From April 2021, investments in plant and machinery will qualify for a 130% capital allowance deduction, providing 25p off your company’s tax bill for every £1 spent on fixed assets such as computer and IT equipment, office furniture, commercial vehicles (vans/lorries), tooling, machinery and more.

With a time limit in place and a number of rules you need to be aware of, it’s critical to start planning early. We’re hosting a webinar to guide you through the ins and outs of this valuable tax deduction, covering all the essential things you need to consider if you’re investing in plant and machinery over the coming years.

There are lots of questions surrounding what expenditure qualifies, how the ‘super-deduction’ interacts with current allowances and reliefs, and what happens when you sell an asset - so we’ll ensure plenty of time to answer any questions you may have.

Event details
Date 1:00pm on 28 Apr 2021 to 2:00pm on 28 Apr 2021
Venue Webinar
Cost 0
URL Find More Information Here
Email newcastle@hwca.com