The Super Deduction | 25% Lower Corporation Tax

Save 25p for every £1 in Corporation Tax! If you are a small or medium Limited company business here in the UK, then then lowering your corporation tax bill is no doubt a welcome tactic for you as a business owner. Introducing the new super deduction, that allows you to do exactly this.

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⏱️ Time Stamps:
0:25 What is a super deduction?
1:48 What qualifies for super deduction
2:23 How much tax can you save?


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The super deduction was announced in the Budget 2021 and is applicable from the 1st April 2021.

It applies to Limited Company business owners only and unfortunately, traditional sole traders and partnerships cannot benefit from this generous tax incentive.

The super-deduction offers 130% first-year relief on qualifying main rate plant and machinery investments until the 31st March 2023. So to put things simply, it can save your company 25p in corporation tax, for every £1 invested.

What can you claim the super deduction for?

So what exactly are qualifying main rate plant and machinery investments? Well, there is not an exhaustive list as such, but the kinds of assets which may qualify for the super-deduction include but are not limited to:

• Computer equipment and servers, including laptops and peripherals.
• Office chairs, desks and furniture
• Tractors, lorries, vans, in other words commercial vehicles
• Electric vehicle charge points
• Refrigeration units
• Solar panels

But a word of caution, don’t go and just spend on plant or equipment just because you’ll save some tax through a super deduction, always make sure there is a commercial justification for your business.

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