Super-deduction TAX BREAK to save money on office furniture
Now is the perfect time for your customers to invest in new office furniture and
re-shape their offices as the UK Government has introduced a significant tax incentive scheme to encourage business investment.
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.
HM Treasury Budget 2021 – Super-deduction
See link above to the super-deduction factsheet issued by HM Treasury.
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. We can help businesses retro-fit their existing products, making the office covid-19 secure, and help them re-imagine the new normal.
Don’t miss out on this incentive to improve the office environment and re-design the workspace.