Government Full Expensing Scheme

We always want to help you, our customer. Supplying industry leading Foster commercial cold storage equipment is only one aspect. We also offer a range of interest finance packages and ECA qualifying equipment to help you get more for your money and balance cashflow more effectively. We also aim to keep you informed of any other schemes available to save you even more money.

During the Government's 2023 Spring Budget they announced the launch of their Full Expensing scheme. This scheme will allow you to cut your tax bill by up to 25p for every ¬£1 you invest.

The scheme runs from the 1st of April 2023 until the 31st March 2026. It means that if you are investing in qualifying new plant and machinery assets you will be able to claim:

-   100% capital allowance first year relief on qualifying plant and machinery investments‚Ä®
-   50% first-year allowance for qualifying special rate assets

Find out more about the Super-deduction and how it can benefit you on the Government website: https://www.gov.uk/government/publications/full-expensing/spring-budget-2023-full-expensing