Claiming capital allowances and the super-deduction

Overview

From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will benefit from a 130% first-year capital allowance. This upfront super-deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest. This session will look at considerations relating to the super-deduction, and also provide an update on the latest changes to capital allowances. 

Paul Soper FCCA, lecturer, consultant and broadcaster

Paul qualified with Stoy Hayward and has since been both a partner in a small firm and sole practitioner and is now a consultant and lecturer on taxation issues focusing mainly on small practitioners and has presented extensively for firmsboth large and small as well as the ACCA, the ICAEW District Societies and the CIOT.