Super-deduction Budget: What is the super-deduction scheme, how much tax could you save? | City & Business | Finance
READ MORE This will “ensure the UK capital allowances regime is amongst the world’s most competitive” according to Gov.UK. Explaining what the scheme means, Portia Pierrel, Director of PwC, said: “The ‘super deduction’ represents a new increased temporary tax relief for companies who invest in certain qualifying capital assets from April 1 2021, and is anticipated to stimulate £25bn in business investment in the UK. "It is expected to benefit capital intensive businesses, such as manufacturers and utilities companies in particular. “This measure will allow a temporary first-yea...
Source: express.co.uk