The Super Deduction Tax Scheme is ending soon - don't miss out on saving tax!
- 19-01-2023
- Garth Bushnell
Do you have a year-end on 31st March 2023 or earlier and want to reduce your tax bill? Don't miss out on the Super Deduction Scheme. To qualify, 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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