Government Super-Deduction Scheme for Qualifying Plant and Machinery - ends 31st March 2023
Time is running out - to qualify for the Super Deduction Scheme, the asset needs to be on site by 31 March 2023, therefore lead times of equipment need to be taken into consideration. For those looking to invest in plant and machinery and make a significant impact on their tax liability, this is an opportunity too good to miss. To recap, from 1 April 2021 until 31 March 2023, businesses investing in qualifying plant and machinery assets will benefit from up to 130% first-year capital allowance, under the Government’s Super Deduction Scheme.
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