Budget 2021 – Super–deduction > For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. · > Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p. >This change makes the UK’s capital allowance regime more internationally competitive, lifting the net present value of our plant and machinery allowances from 30th in the OECD to 1st. What is plant and machinery? Most tangible capital assets used in the course of a business are considered plant and machinery for the purposes of claiming capital allowances. There is not an exhaustive list of plant and machinery assets. The kinds of assets which may qualify for either the super-deduction or the 50% FYA include, but are not limited to: · Solar panels · Computer equipment and servers · Tractors, lorries, vans · Ladders, drills, cranes · […]
Tag: DURHAM BUSINESS
Back to Business
Back to Business After recent changes from the UK Government withregard to Covid19, we are pleased to announce that […]
Why Vertical Panel Saw’s are vital for small businesses post Covid19.
Why Vertical Panel Saw’s are vital for small businesses post Covid19. From March 23rd 2020, the business world changed forever. Business […]
Bounceback Loans launched to support Corona affected Businesses to grow after lockdown.
Bounceback Loans launched to support Corona affected Businesses to grow after lockdown. Covid19 has caused interruption to many business’s over […]
Statement On Coronavirus (COVID-19)
Sagetech Machinery Limited General Statement On Coronavirus (COVID-19) Due to the rising concerns surrounding the Corona Virus outbreak, we deemed it […]
MAKERS CENTRAL EXHIBITION
We are pleased to announce that we at SAGETECH MACHINERY will be exhibiting at MAKERS CENTRAL 2019 at the NEC […]
The award goes to …. Sagetech Machinery
Sagetech Machinery win award for Best Product for Personalisation awarded by Trophex 2019. After establishing Sagetech Machinery in 2016, it […]
Sagetech Machinery to exhibit at EuroTrophex in Berlin
Sagetech Machinery are the UK’s premiere Manufacturer of Vertical Panel Saw’s, Desktop Engravers and 3D Printers. This is Sagetech Machinery’s […]
A Season of Exhibitions
Following the Summer period Sagetech Machinery will be busy preparing for a season of exhibitions to include W18 Joinery and […]
Trend Routing Partnership
Sagetech Machinery Partner With Trend We are very excited to announce that we are now working in partnership with Trend Routing […]