Just one in eight businesses are aware of the Super Deduction Tax Break, new research has revealed. The super deduction allows businesses to cut taxes by up to 25p per £1.
The Super Deduction Tax Break began in April 2021 to provide businesses with an incentive to make additional investments in machinery and tools, and also improve the economic growth that deteriorated during the Covid-19 pandemic. The support runs until 31 March 2023 and enables companies to claim a 130% capital allowance on qualifying plant and…
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