Software Support

icon-top-quikbooks
icon-top-xero
icon-top-freeagent
icon-top-dext
MAS website template visual3

Capital Allowances – Super Deduction

Accounting Services

The 130% capital allowance super deduction for companies investing in qualifying new plant and machinery, together with a 50% first year allowance for special rate assets, was introduced in 2021 for expenditure between 1st April 2021 and 31st March 2023.

As this was a temporary measure it will cease to apply to capital expenditure from 1st April 2023.

Any companies considering investing in qualifying new plant and machinery may wish to review their spending plans in light of the forthcoming deadline in order to take advantage of the enhanced allowances.

Facebook
Twitter
LinkedIn
Pinterest