Take advantage of the Super Deduction with Blue!

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12th March 2021
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Take advantage of the Super Deduction with Blue!

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During last week’s 2021 budget update Rishi Sunak announced ‘The Super Deduction’, which allows businesses to claim 130% of their new capital equipment investments as a tax relief.

The new scheme comes into effect as of the 1st April 2021 and will run until 31st March 2023. This is a fantastic incentive for businesses to invest in new machinery, helping to drive the recovery of our economy following the COVID 19 pandemic. Businesses will be able to claim the following:

  • a super-deduction providing allowances of 130% on most new plant and machinery investments that ordinarily qualify for 18% main rate writing down allowances
  • a first-year allowance of 50% on most new plant and machinery investments that ordinarily qualify for 6% special rate writing down allowances

The two-year period in which this initiative is available will be the single biggest business tax cut in modern British History.

This is a great opportunity to invest and upgrade your capital equipment fleet, and there is no better place to look for this machinery than Blue! We provide some of the world’s leading materials processing equipment from some of the most reputable brands across the globe.

To find out more on how we can help you make the most of this unmissable initiative, give us a call on 0345 217 8755 or email us on sales@bluegroup.co.uk