Super Deduction and Capital Allowances
For expenditure incurred from 1 April 2021 until 31 March 2023, companies can claim 130% capital allowances on qualifying plant and machinery purchases Under the super-deduction, for every pound a company invests, corporation tax is cut by 25p The super-deduction was introduced in the 2021 budget in order to make the UK capital allowances regime […]
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