Introduced during the height of the pandemic, the Super Deduction allows businesses to claim up to 130% capital allowance for qualifying new plant and machinery purchases.

The 130% first-year allowance only applies to new plant and machinery, not used or pre-owned.

This will allow companies to cut their tax bill by up to 25p for every £1 they invest. 

Only limited companies qualify which means only corporation tax savings can be made, not income tax for sole traders or partnerships and unlike the annual investment allowance, there are no expenditure limits.

Important: The scheme ends on 31 March, 2023. 

For more information on Super Deduction, please fill in the form below, email enquiries@maffinancegroup.co.uk or call 0115 9586872.