The 'Super Deduction' tax relief will get you back to work for less!
Office chairs and desks are included in the qualifying products - there's never been a better time to redesign your workspace!
The government's new "Super Deduction" announced in the last budget means that you can receive great savings on new workplace refurbishments and fit-outs!
Why not take the opportunity to save money as you get your workplace safe and ready for your staff's return to work? We have a great range of products to create a comfortable, productive and safe office environment in order to make the transition as smooth as possible.
What is a "Super Deduction"?
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 tax their tax bill by up to 25p for every £1 they invest. Investing companies will also benefit from a 50% first-year allowance for qualifying special rate (including long life) assets.
The good news is, most of the products related to a workplace refurbishment qualify for the 130% super deduction, as long as they are new and unused.
The super deduction is available to any business within the charge to corporation tax. It is not currently available to sole-traders, partnerships or LLP's.