New Tax Reliefs on new Plant and Machinery from 1st April 2021

Budget 2021 HM Treasury

From 1st April 2021 until 31th March 2023, companies investing in qualifying new plant and machinery assets will be able to claim generous capital allowances.  It was announced in the Budget that companies who pay corporation tax can have: a 130% super-deduction capital allowance on qualifying plant and machinery investments a 50% first-year allowance for … Read more