Tax Deduction and Finance Leasing

SUPER TAX DEDUCTION

Was a  fantastic incentive for businesses in a challenging time for the UK economy, however this scheme ended on 31st March 2023 and was replaced by something called ‘Full Expensing’. 

So What is Full Expensing?

Thankfully, tax breaks for business investment are NOT due to end. 

Full Expensing, has taken over from super deduction.

Full Expensing allows businesses to deduct 100% of qualifying investment costs from their profits before tax.

This new scheme starting from April 2023 is set to last for three years.

It will allow every single pound spent on plant or machinery to be immediately deducted from a company’s profits when calculating their tax bill.

In practice this means that until March 2026, for every £1 invested in qualifying expenditure, businesses will be able to save up to 25p on their tax bill.

A little Extreme, but Scale that up to £1million on qualifying investments and the corporation tax saving is up to £247,000! 

 Qualifying investments Include. 

Rotary Screw Air Compressors, Refrigerated Dryers, Piston Compressors, Adsorption Dryers and more

Lease & Finance Options 
It makes good business sense to upgrade existing compressors or to take advantage of the latest developments in energy-saving technology - and now it's easier to make vital investment decisions.
Air compressor leasing will enable you to invest in new equipment and allows you to spread the cost of investment in new equipment. 

The term is usually between 1 and 5 years and repayments are made monthly.
The lease purchase can include the installation and maintenance cost, allowing you to budget your purchase and running cost over the length off your agreement.
Other benefits include protecting your existing lines of credit, Tax efficient 100% allowable against pre-tax profits and preserves working capital.

Financing from KENNET LEASING 

“Interested in finance options? Please click below” 

https://www.kennet-leasing.co.uk/finance-calculator-gbgc/

sales@compressors.online

Disclaimer

compressors.online or Airwave compressors Ltd, are not financial advisors or brokers

The information above  is purely informal and customers are advised to check the information is correct at time of reading