Super-deduction tax break
Now is the perfect time for your customers to invest in new office furniture and re-shape their offices as the UK Government has introduced a significant tax incentive scheme to encourage business investment. In the Budget 2021, the Chancellor announced a temporary change to tax relief which allows companies to claim enhanced capital allowances on qualifying plant and machinery assets, which includes office chairs and desks.
For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on purchases of office furniture. Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p. Don’t miss out on this incentive to improve the office environment and re-design the workspace – contact us today for further details.