Super Deduction Tax Break

130% FIRST-YEAR TAX RELIEF

UK businesses are now able to benefit from a 130% tax deduction on equipment purchases, from 1 April 2021 to 31 March 2023.. There has never been a better time to invest in assets for your business with the government’s current tax relief scheme.

What equipment can I claim super-deduction against?

You can deduct any investment in new and unused plant and machinery, some examples include commercial vehicles like lorries and vans (but not cars).

If you’re interested in using the 130% super deduction tax break when purchasing your van, we recommend you speak with an accountant to ensure it’s the right option for your business.