Talbott’s are pleased to confirm that equipment and installation costs for our UK manufactured wood waste plants are eligible for 130% tax relief under the HMRC Super Deduction Tax relief scheme.
The Super Deduction scheme was announced in the March 2021 budget by Rishi Sunak and provides UK businesses with 130% first year tax relief on qualifying plant and machinery expenditure. This means that for every £1000 spent on new biomass plant equipment your business taxes will be cut by upto £250, right up until March 2023!
There has never been a better time to invest in new equipment for your business, especially equipment that can save your business money on energy and waste disposal costs from day one!
Learn more about the Super Deduction Tax Relief scheme here.