14 Apr 2021
The latest tax breaks are great news for your company’s future!
In the recent budget, the government announced, "the upfront super-deduction".
From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will be able to claim:
1. The super-deduction – which offers 130% first-year relief on qualifying main rate plant and machinery investments until 31 March 2023 for companies
2. The 50% first-year allowance (FYA) for special rate (including long life) assets until 31 March 2023 for companies3.
3. Annual Investment Allowance (AIA) providing 100% relief for plant and machinery investments up to its highest ever £1 million threshold, until 31 December 2021
These fabulous new incentive schemes could allow you to cut your tax bill by up to 25p for every £1 you invest in qualifying plant and machinery.
Corporation tax is also to be held unchanged until April 2023. So, if you have got big plans for the future, now is the perfect time to invest.
If you need a cash injection to fund your investment plans or even just improve your cash flow, then we can help.
You could get an advance of up to 100% of your unpaid invoices in just days. We can help you find finance options from £5,000 up to a £1,000,000.
A cashflow injection could be just a click away!