News

30/03/21
by Miles
Tax Relief on a New Vapormatt Wet-Blasting System

Rishi Sunak recently announced new temporary tax reliefs on qualifying capital investments, making it the perfect time to invest in a new Vapormatt wet-blasting system.

Here's a short summary of the measures taken from the Govt. website:

This measure will temporarily introduce increased reliefs for expenditure on plant and machinery. For qualifying expenditures incurred from 1 April 2021 up to and including 31 March 2023, companies can claim in the period of investment:

  • 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.

 You can find more details of the measures on the Govt. website.

Register

In order for us to fulfil your request, please enter your details below.

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.