A quick summary: Buying certain new equipment (including PC’s) entitles you can claim 130% capital allowance
What that means: If you spend £1,000 on computer equipment, it’ll reduce your corporation tax bill as if you had spent £1,300.
How long does it last? This tax relief will end on 31st March 2023 so you don’t have long left to take action!
It’s designed to encourage business owners to invest in their businesses.
Speak with your accountant, they will confirm this is correct (or if you can face it, you can read the HMRC summary here).
If you would like new computers for 2023 then you should act now!
You will be well aware of the supply we had during the pandemic. It’s still not east to get certain specifications of laptops and desktops and other networking equipment.
Invest now to setup your business IT for the next 3 years.
If you have any IT equipment that is older than 3 years old then its time to get it replaced – act now, and benefit from super-deduction.
We are here to help you
The majority of IT support companies are unaware of this, we know all about the super-deduction. We’ve been telling our clients about this for some time now.
Why not get in touch.
- Call us on 01224 443896 to discuss your requirements
- Email email@example.com
- Or book a 30 minute video call at a time that suits you. Here’s our live calendar:
Has your accountant made you aware of this?
If not then we recommend that you get in touch with Fyfe Moir & Associates who are a great proactive accountancy firm based in Westhill.