130% Super-deduction And The 50% Special Rate Capital Allowances For Companies

20th October 2022

Decision tool and calculator for the 130% super-deduction and the 50% special rate capital allowances.

HMRC has published an interactive tool to help companies check if they can claim for the super-deduction of up to 130% or the 50% special rate first year allowances for qualifying expenditure on plant and machinery.

The tool is available in the HMRC customer guidance for super-deductions and special rate allowances. It helps companies find out if capital expenditure may qualify and calculates how much they may be able to claim.

Only companies can claim these allowances. The allowances are for qualifying expenditure on new and unused plant and machinery. They are for expenditure on or after 1 April 2021, up to and including 31 March 2023.

Check it out at https://www.gov.uk/guidance/check-if-you-can-claim-super-deduction-or-special-rate-first-year-allowances