Some 130 farmers gathered at WH Gittins & Sons’ Wykey Farm on 1st December as…
Budget 2021 – Super Deduction
HM Treasury announced in the 2021 budget a Super Deduction. For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p. For a 100kW solar project at £65,000 from Alt-Group, you would save £16,055 from a corporation tax Bill.
Download the Super Deduction Factsheet