Super Savings on Investments with Super-Deduction Tax
Episode 24
Lee is joined by Special Guest Cui, Yan (Finance Director of Siemens Digital Industries UK & Ireland) to explain exactly how the UK's new Super-Deduction Tax will impact UK Business and bring savings to OEMs looking to make capital asset investments this year.
New temporary tax reliefs on qualifying capital asset investments from 1 April 2021. This measure introduces a temporary 130% super-deduction for main rate assets, and a temporary 50% first-year allowance for special rate assets. Further details can be found here: https://www.gov.uk/government/publica...