tax deduction 0321The Chancellor has recently announced that from 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will be able to claim:

- 130% super-deduction capital allowance on qualifying plant and machinery investments

- 50% first-year allowance for qualifying special rate assets

This ‘super deduction’ is an opportunity to reduce business corporation tax liability, allowing companies to cut their tax bill by up to 25p for every £1 they invest.

The Team at Aircare are thrilled to hear such positive news. Making capital allowances more generous works to stimulate business investment and as a result, promotes economic growth.

Compressors are mentioned in the example list of capital equipment on the UK Government website so NOW IS THE TIME to invest in quality air generation and vacuum solutions that you can trust, future proofing your business given the difficult time our manufacturing has experienced.

Our experienced Team are happy to discuss your needs for any of the qualifying products listed on the capital equipment list, including;

☑ Compressors

☑ Dryers and gas generators

☑ Vacuum pumps

☑ Low pressure equipment

We offer a wide range of specialist compressed air, vacuum and nitrogen services synonymous with our industry, but we also provide pride and customer service, free of charge.