Super Deduction was introduced by the Chancellor to aid the economic recovery from the pandemic. It is a 130% capital allowance on certain plant and machinery, notably those associated with energy efficiency improvements.
Super Deduction runs from the 1st of April 2021 until the 31st of March 2023, and allows companies to reduce their tax bill by up to 25% for every £1 spent on qualifying plant and machinery.
The plant and machinery available through Super Deduction can help to save energy, reduce costs and emissions, and many are projects which could form part of a net zero strategy.
To find out more about our net zero and wider sustainability solutions, do get in touch.