Are you using your Super Deduction Capital Allowance?
Did you know that when you’re refurbishing your office space and purchasing office furniture, you can make some large tax savings by buying your office furniture before the end of the financial year?
From 1 April 2021 to 31 March 2023, if you’re a limited company you can claim a 130% ‘Super Deduction Capital Allowance’ which effectively reduces your tax bill by 24.7% of the amount that you decide to invest in furniture.
As a business you can claim a massive 130% super-deduction on office furniture as a WDA. This presents a unique opportunity to secure a great deal on a range of new items. Not only that, by taking up this government offer you’ll create a better, happier, more productive and safer working environment, and you’ll be saving money too!
You can learn more about the scheme here.
Some of our clients have already taken up this government offer and will see a significant tax saving at the end of this financial year, so why not join them? Simply give us a call on 01763 500115 or send us an email to ask for more information or to request a no-obligation quotation.