by VelocityAS | Jul 1, 2022 | Corporation Tax, Tax
Qualifying for a super deduction, which is a temporary allowance you do not want to miss, can be an option if your business has spent money on plant and machinery and it is subject to corporation tax. Qualifying purchases will need to have been made between April 1,... 
by VelocityAS | Apr 6, 2021 | Accounting, capital allowance, Tax
Companies within the charge to corporation tax who invest in new plant and machinery in the two years from 1 April 2021 are able to benefit from two new first-year allowances, including a super-deduction of 130%. Details of the measure are set out in a policy paper...