The latest announcement on temporary tax relief on qualifying capital asset investment is great news for the manufacturing industry!
– a super-deduction providing allowances of 130% on most new plant and machinery investments that ordinarily qualify for 18% main rate writing down allowances
– a first-year allowance of 50% on most new plant and machinery investments that ordinarily qualify for 6% special rate writing down allowances
More information: https://bit.ly/2OkJRbj
For more information on how Olympus can help you automate your production contact the team on 01484 514513 or email – [email protected].