Super Deduction – How it impacts your business

The ‘super deduction’ allows companies to cut their tax bill by up to 25p for every £1 they invest. Experts are on hand to answer your business’s questions at a special webinar on 22 April.

Register now for an online event that will help SMEs understand the latest wave of Government support.

Announced at the 2021 Budget, ‘super deduction’ gives companies a strong incentive to make additional investments, and to bring planned investments forward.

Run by GC Business Growth Hub, ‘Super Deduction – How it impacts your business’ will help business owners cut through the jargon and benefit from this new capital allowance offer.

The event takes place at 10am on 22 April, with registrations open now at https://app.livestorm.co/the-growth-company/super-deduction-how-it-impacts-your-business.

From April 2021 to March 2023, businesses will be able to claim both a 130% super-deduction capital allowance on qualifying plant and machinery investments, as well as a 50% first-year allowance for qualifying special rate assets.

For SMEs, this means businesses paying tax at the current rate of 19% can cut their tax bill with such investments by nearly 25p per £1 invested. Many business owners are finding this new tax relief difficult to understand, despite knowing it may well affect both their investments and economic futures.

Specialists and industry experts will assist businesses in understanding the differences in funding methods for capital items included under this new super-deduction tax. Guest speakers include:

• Caroline Monk, Executive Partner at Beever and Struthers
• Julie Hernon, Senior Tax Manager at Beever and Struthers
• Richard Jones, Business Tax Manager at ICAEW
• Peter Gaunt, Relationship Manager at GC Business Growth Hub