What is it?
The super-deduction is a capital allowance which offers 130% first-year relief on qualifying main rate plant and machinery investments from 1 April 2021, until 31 March 2023.
Capital allowances let taxpayers write off the cost of certain capital assets against taxable income.
For every £1 spent on qualifying assets,
25p is returned in saved tax.
Increase your deduction
With the Annual Investment Allowance businesses can use up to £1,000,000 of spending on qualifying expenditure to be deducted from profits, reducing the tax bill by the Corporate tax rate 19%.
With Super Deduction, companies can increase this deduction by 30%.