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Please see a copy of the HM Treasury official notice below showing that any applicable machine bought by limited companies can benefit from a 130% first-year relief on qualifying machinery investments until 31st March 2023.
This equates to nearly a 25p saving on every pound spent and means that for every £10,000.00 the company spends, they will save £2,470.00 on their corporation tax bill in the first year.
Please discuss with your accountant or finance advisor what this could mean for you.
At Vantage House, we will of course be happy to provide our professional advice on which equipment will be of greatest benefit with regard to your particular production setup.
As always, we’re here if you have any questions.
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