There has never been a better time to upgrade your Process Water Cooling equipment, 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 process cooling, 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.
USE OUR SUPER DEDUCTION CALCULATOR TO FIND OUT HOW MUCH YOU WILL SAVE!
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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.
Learn more: Super_deduction_factsheet.pdf (publishing.service.gov.uk)
