Cap your compressor costs with a budget-busting price.
Compressors are to qualify for a super-deduction in April’s 2021 budget; meaning you can claim 130% capital allowance on them.
It’s a move meant to stimulate investment, incentivising companies to invest in plant and increase productivity, something much needed since the slowdown in productivity growth.
And it means for every £1 your company invests in new plant, taxes are cut by up to 25p. As a result, the UK's machinery allowances have moved into first place (from 30th!) within the group known as the Organisation for Economic Co-operation and Development (OECD) - a group with 37 member countries, founded in 1961 to stimulate economic progress and world trade.
So, if you’ve been thinking about a new compressor, buy between 01st April 2021 and 31st March 2023 and you know you’ve made an ‘air-tight’ investment.
For more information, see the government website: https://www.gov.uk/guidance/super-deduction
It's such a boost to your buying power that even the compressors are excited!