MasterMover Global News
New super-deduction tax break on MasterMover electric tugs
How your business can benefit
Thanks to a new super-deduction tax break announced by the UK Government, there has never been a better time to invest in a new MasterMover electric tug to boost safer handling and increase staff productivity.
The scheme, which was included in the latest Budget, means that corporation tax can be cut by up to 25p for every £1 pound spent on qualifying plant and machinery. It’s great news for companies that want to take advantage of the many safety and efficiency benefits offered by MasterMover’s load moving solutions.
How the super-deduction works
Generous capital allowances are designed to give businesses an additional incentive to make investments for the future and stimulate further growth in the UK economy.
Under the terms of the scheme, companies can claim 130% first-year relief on qualifying main rate plant and machinery purchases from 1 April 2021 until the end of March 2023. Full details of the tax break can be found on HMRC’s website
Request a call back
Would you like to upgrade your electric tug? Would you like to find out more how a MasterMover electric tug can boost productivity and reduce manual handling in your business? Call 01335 30 10 30, email [email protected]ermover.com or complete our contact form to request a call back.
Published on : 07-04-2021