Does the Capital Allowance ‘Super-Deduction’ apply to WEIMA Shredders and Briquette Presses?
In short, YES.
Since the Chancellor’s original announcement we are often asked by our customers if the ‘super-deduction’ applies to shredders and briquette presses, and we can confirm that it does.
The HM Treasury’s factsheet details ‘plant and machinery’, which our shredders and briquette presses are, as a qualifying asset, so there’s never been a better time to invest in size-reduction technology to improve your operation to reduce costs and improve productivity and profitability.
If you’re a limited company you can claim the 130% super-deduction capital allowance, reducing your tax bill by 24.7% of the amount invested in plant and machinery, for purchases made between 1st April 2021 and 31st March 2023.
Please contact us to discuss getting even more value from our recycling equipment.
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Tuesday October 20, 2020
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