Super deduction on plant and machinery explained

Author: Petros Andrianidis

Published: April 2021

In the Spring Budget 2021 speech, the Chancellor set out the new temporary first-year allowances. They include a 130% super deduction for expenditure that would normally qualify for 18% writing down allowances, making the UK’s capital allowance regime more internationally competitive. This guide explains what super deduction on plant and machinery means.

Further Guidance

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