NEWS
November 1, 2021
Plant & machinery (P&M) 100% annual investment allowance (1st year): | £1,000,000 | ||
P&M* super-deduction first year allowance (FYA) for companies to 31/3/23 | 130% | ||
Special rate P&M* FYA for companies to 31/3/23 | 50% | ||
Plant and machinery** | 18% | ||
Patent rights and know-how** | 25% | ||
Special rate P&M e.g. long-life assets and integral features of buildings** | 6% | ||
Structures and buildings (straight line)† | 3% | ||
Electric charge points | 100% | ||
Motor Cars | |||
CO2 emissions of g/km: | 0* | 1–50 | Over 50 |
Capital allowance: | 100% first year | 18% pa** | 6% pa** |
*New P&M only **Annual reducing balance † 10% for freeport sites in Great Britain | |||
Research and Development | |||
Capital expenditure | 100% | ||
Revenue expenditure relief – small/medium-sized companies | 230% | ||
Research and development expenditure credit – large companies | 13% | ||
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PLEASE NOTE: By the very nature of this type of information the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these documents.
