Get a Super-Deduction: Tax Relief for Limited Companies: Buy new computers and claim 130% capital allowance
If your business is a Limited company and pays corporation tax it can currently claim 130% capital allowance against certain new equipment. Equipment includes new computers, servers, NAS boxes and other IT equipment.
This means that if you buy some new computer equipment for £1000 it will reduce your corporation tax bill as if you had spent £1300.
This Super-Deduction tax relief scheme is running from 1st April 2021 and lasts two years.
It ends on 31st March 2023
This has been introduced to encourage you to invest in your business. Your accountant should be able to help but you can read the HMRC summary here.
If you want new computers in the next month or so, we recommend you act quickly
Supplies of hardware are still disrupted due to the pandemic. It’s still difficult to get hold of certain specifications or pieces of equipment but it’s better than it was during the pandemic.
You should always be thinking ahead about what new hardware your business could need in the next few years.
That way we can help you plan ahead and be ready with new technology for you.