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HMRC Super Deduction Incentive

July 30, 2021

Did you know that you can cut your business tax bill by 130% of the cost of your investments in most new plant and machinery?

Since 1st April 2021, the government introduced a new incentive scheme that would allow companies to CLAIM 130% of their spend on new machinery to cut their tax bill!

This means that until 31 March 2023, companies investing in equipment, plant and machinery assets will be able to claim up to 25p for every £1 they invest.

Eligible Assets – Including, but not limited to:

  • IT Hardware and Software
  • Trucks and Vans (not cars)
  • Agricultural Machinery
  • Construction plant and machinery, including cranes and diggers
  • CNC & Other Manufacturing and Engineering Equipment
  • Office Furniture
  • Solar Panels
  • Electric Vehicle Charge Points
  • Refrigeration Units
  • Compressors

For more information please download the Government Factsheet here

The timing to invest in a Met-Track® Workstation Crane or Fall Protection system couldn’t be better…….

Contact our Sales Team for more information and learn how Metreel can improve the safety and efficiency of your production processes.