Budget 2021 – what the Super Deduction means for your business

Super Deduction

In this year’s Budget, Chancellor Rishi Sunak announced the introduction of a ‘Super Deduction’ of 130% providing enhanced tax relief on qualifying capital expenditure. The enhanced rate is available from 1 April 2021 until 31 March 2023 for businesses investing in qualifying plant & machinery and qualifng expenditure includes items such as processing equipment, commercial vehicles and computer & IT … Read More