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Super-Deduction Tax Relief

How Super-deduction tax relief can help UK business get COVID ready for less!

As COVID restrictions begin to ease, employers are reviewing workspaces and conducting risk assessment in preparation for bringing their teams back to the workplace safely.

The government’s new “Super Deduction” announced in the latest budget can give businesses access to significant savings on workplace refurbishments and fit-outs.

Visual impression is the focal point to any business’s corporate identity – as well as making your workplace COVID secure, refurbishing the workplace is a great opportunity to affect positive change and improvement in business performance, increase staff productivity, staff morale and staff retention..

What is Super Deduction?

From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will benefit from a130% first-year capital allowance.

This upfront super-deduction will allow companies to cut their tax bill by up to 25p for every pound they invest. Investing companies will also benefit from a 50% first-year allowance for qualifying special rate (including long life) assets.

What expenditure qualifies?

The good news is, most of the products related to a workplace refurbishment qualify for a 130% super-deduction, as long as they are new and unused.







Do you need to buy office furniture, are you thinking about an office fit out and refurbishment then now is the time while you’ve got a fantastic opportunity of an increased tax break, for more information and advice get in touch.

For further information, call us on 020 7536 2325


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