A good time to press on with warehouse upgrades?
In the Budget, the Government introduced the ‘super-deduction’ tax break to encourage companies to invest in capital equipment.
It is particularly worried about falling business investment due to the pandemic, with a reduction of 11.6% recorded between Q3 2019 and Q3 2020.
The tax break is designed to counter this – for expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances (up from 100%) on qualifying plant and machinery investments. This means under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p.
This could make it a good time to press on with warehouse upgrades.
Webinar
With that in mind, you may wish to check out Linde Material Handling UK’s Automated Solutions webinar – on 2 June 2021 at 10:30am
This will include:
- What’s happening in the marketplace;
- Customer journey examples;
- How to chose the right options for you;
- And a multi-phase roadmap to rollout.
You can register for the even here: https://events.streamgo.live/The-future-is-here/register
