Super-deduction TAX BREAK
HURRY UP – TIME IS RUNNING OUT – Super-deduction TAX BREAK to save money on office furniture
Time is running out for businesses to invest in new office furniture and re-shape their offices as the UK Government’s 130% super tax deduction scheme to encourage business investment is coming to an end on the 31st March 2023, and does not appear to be getting renewed.
In the Budget 2021, the Chancellor announced a temporary change to tax relief which allows companies to claim enhanced capital allowances on qualifying plant and machinery assets, which includes office chairs and desks.
For expenditure incurred from 1st April 2021 until the end of March 2023, companies can claim 130% capital allowances on purchases of office furniture.
Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p.
Don’t miss out!
Take the final chance to benefit by placing orders before the closing date.
The wellbeing of employees in the workplace is becoming more vital, and office furniture can play a huge part in help to keep people happy and healthy when they’re working. Don’t miss out on this incentive to improve the office environment and re-design the workspace.
This is an excellent opportunity to re-vamp your workspace and gain addition tax benefit to your organisation by doing so.
Leicester Office Furnishers Ltd; offers a comprehensive range of office furniture and chairs with a range of finishes, from traditional to contemporary, to suit all budgets.
Our friendly team are happy to answer all questions and assist in any way they can.
Contact us today for further details.
