Skip to main content

UHY Ross Brooke Chartered Accountants

Tag: plant and machinery tax allowances

plant and machinery corporation tax

Sting in the tail

In order to incentivise companies to invest in capital spending in the short term, the Government have announced a 130% super deduction for investment in plant and machinery between 1 April 2021 and 31 March 2023 (pro-rated in some cases). With corporation tax rates currently at 19% that will give

Read More »

Timing is everything

The secret of a good joke may be timing, but get this wrong and no-one will be laughing. The Annual Investment Allowance is the amount that a company can obtain a 100% write down against its profits each year for qualifying expenditure on items such as plant and machinery etc.

Read More »