Government Super-deduction 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 2021 Budget they announced the launch of their Super-deduction scheme. This scheme will allow you to cut your tax bill by up to 25p for every £1 they invest.
The scheme runs from the 1st of April 2021 until the 31st March 2023. It means that if you are investing in qualifying new plant and machinery assets you will be able to claim:
- A 130% super-deduction capital allowance on qualifying plant and machinery investments
- A 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/guidance/super-deduction