Super-deduction: save money – buy a new Coffee Machine, Dishwasher or Ice Maker!
The government is currently offering a whopping 130% tax allowance on new commercial equipment – the so-called ‘super-deduction’.
If you’re in the market for a new Espresso Coffee machine, Dishwasher or Ice Maker - then now is the time to buy it.
The government is currently offering a whopping 130% tax allowance on new commercial equipment – the so-called ‘super-deduction’.
What it means is, when you buy new equipment (it doesn’t apply to second-hand) you get a tax allowance of 130% - rather than the 18% main rate writing down allowance it replaces. This is only a temporary measure, designed to boost the economy as business recovers from the Coronavirus lockdowns, so it’s worth trying to take advantage of it as soon as you can.
“This is an innovative and effective scheme for anyone who is looking to buy new equipment,” says Peter Atmore, Head of Sales and Marketing at Fracino.
The combination of the pandemic and Brexit has caused some equipment supply issues in the market – but not for Fracino. “We’ve been working throughout the pandemic and as a British manufacturer, we’re able to adjust supply to meet demand and respond quickly to our customers’ requirements,” says Peter.
The combination of the pandemic and Brexit has caused some equipment supply issues in the market – but not for Fracino. “We’ve been working throughout the pandemic and as a British manufacturer, we’re able to adjust supply to meet demand and respond quickly to our customers’ requirements,” says Peter.
“Our latest technology manufacturing processes and multiple assembly line concept means we’re able to ensure our dealers are able to support customers by supplying orders very quickly.”
What is Super-Deduction?”
The gov.uk website tells us it’s: “a super-deduction providing allowances of 130% on most new plant and machinery investments that ordinarily qualify for 18% main rate writing down allowances.”
They say, “This measure is designed to stimulate business investment. It does so by increasing the incentive to invest in plant and machinery by offering higher rates of relief than were previously available.”
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Right now is the perfect opportunity to enjoy the luxury of a brand new Fracino Espresso Machine, Coffee Grinder, Hoonved Dishwasher or ITV Ice Maker