In the March budget the Chancellor announced a super deduction for capital allowances.
This week’s video looks at why he took this action and what it means for you.
The allowance means that you may be able to get 130% allowance against your capital purchases in this tax year and the following tax year. You do as ever need to be a bit careful because there are some exclusions so please check with us first. Examples of exclusions are people who trade as partners or sole traders or second hand equipment.
For further information please take a look at our website www.theaccountancypeople.co.uk where you can ask a question to James and the team
#tax #grants #uktax #seiss #selfemployed #grant