There has never been a better time to upgrade your air compressors, nitrogen & oxygen generators, taking advantage of the Super Deduction Tax Relief.
From the 1st of April 2021 until 31st of March 2023, your company can claim a 130% super-deduction capital allowance on qualifying plant and machinery investments, as well as a 50% first-year allowance for qualifying special rate assets. You could cut your tax bills by up to 25p for every £1 you invest!
This opportunity allows UK manufacturers to invest in the latest, energy-efficient compressed air and industrial gas technologies, which will not only improve productivity compared to competitors who use older equipment but also positively affect the company’s long-term sustainability and profitability.
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Financial advice: Please note this article does not provide any investment, financial, or tax advice. We advise businesses to consult with their own legal and financial advisors and tax experts.