Government Super Deduction Incentive: Potential Savings on Coding equipment investments

Under the HMRC super-deduction, for every pound a company invests in qualifying plant and machinery, their taxes are cut by up to 25p.

HUNTINGDON – June, 2021 — To stimulate business investment HMRC has recently announced a new capital allowance incentive for investments in new machinery and equipment . This means that between now and March 2023, if you decide to capitalise a coding printer purchased from Videojet, you may be eligible for enhanced capital allowances in line with the HMRC Super Deduction Incentive.

With this new incentive scheme making a business case for investing in new coding and marking equipment to upgrade or automate your product line is easier than ever.