{"id":1890,"date":"2022-04-29T13:44:53","date_gmt":"2022-04-29T13:44:53","guid":{"rendered":"https:\/\/www.granta-automation.co.uk\/news\/?p=1890"},"modified":"2023-10-11T14:33:09","modified_gmt":"2023-10-11T14:33:09","slug":"uk-government-super-deduction-scheme-how-will-it-affect-my-purchase","status":"publish","type":"post","link":"https:\/\/www.granta-automation.co.uk\/news\/uk-government-super-deduction-scheme-how-will-it-affect-my-purchase\/","title":{"rendered":"UK Government Super Deduction Scheme &#8211; How Will It Affect My Purchase?"},"content":{"rendered":"\n<p>The UK governments Super-deduction scheme is one of the most attractive tax incentives for business investment that has ever been offered by the UK Government.&nbsp; The scheme has been created to encourage firms to invest in productivity-enhancing plant and machinery assets that will help them grow, and to encourage them to make those investments now.<\/p>\n\n\n\n<p>For capital expenditure incurred from 1<sup>st<\/sup> April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments.&nbsp; It allows companies to cut their tax bill by up to 25p for every \u00a31 they invest.<\/p>\n\n\n\n<p>Below is a worked example showing what the tax benefit to you would likely be when purchasing a palletising system.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Super-Deduction Scheme Worked Example<\/strong><\/td><\/tr><tr><td><ul><li>A company spends \u00a3100,000 on qualifying assets<\/li><li>Deducts 130% of the initial investment when computing taxable profits which equates to \u00a3130,000<\/li><li>Deducting \u00a3130,000 from taxable profits will save the company up to 19% of that, which equates to \u00a324,700, on its corporation tax bill<\/li><\/ul><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Taking advantage of the Governments Super-deduction scheme will effectively enable you to purchase a \u00a3100,000 palletising system for as little as \u00a375,300.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/www.granta-automation.co.uk\/news\/wp-content\/uploads\/2022\/04\/20201030_123807-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.granta-automation.co.uk\/news\/wp-content\/uploads\/2022\/04\/20201030_123807-scaled.jpg\" alt=\"\" class=\"wp-image-1894\" style=\"width:640px;height:360px\" width=\"640\" height=\"360\" srcset=\"https:\/\/www.granta-automation.co.uk\/news\/wp-content\/uploads\/2022\/04\/20201030_123807-scaled.jpg 2560w, https:\/\/www.granta-automation.co.uk\/news\/wp-content\/uploads\/2022\/04\/20201030_123807-300x169.jpg 300w, https:\/\/www.granta-automation.co.uk\/news\/wp-content\/uploads\/2022\/04\/20201030_123807-1024x576.jpg 1024w, https:\/\/www.granta-automation.co.uk\/news\/wp-content\/uploads\/2022\/04\/20201030_123807-768x432.jpg 768w, https:\/\/www.granta-automation.co.uk\/news\/wp-content\/uploads\/2022\/04\/20201030_123807-1536x864.jpg 1536w, https:\/\/www.granta-automation.co.uk\/news\/wp-content\/uploads\/2022\/04\/20201030_123807-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/figure><\/div>\n\n\n<p>Full details of the scheme are available on the UK government website at <a href=\"https:\/\/www.gov.uk\/guidance\/super-deduction\">https:\/\/www.gov.uk\/guidance\/super-deduction<\/a> . Please check with your accountants to confirm the extent to which you can benefit from this scheme in your particular circumstances.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>If you would like to know more about the <a href=\"https:\/\/www.granta-automation.co.uk\/types-of-automation\/robotic-palletising\">Granta GA15 palletising system<\/a>, feel free to get in touch on <a href=\"tel:+441223499488\">01223 499488<\/a> or <a href=\"mailto:helpline@granta-automation.co.uk\">helpline@granta-automation.co.uk<\/a> and we will be very happy to help.<\/p>\n\n\n<p>&nbsp;<\/p>\n<div class=\"topbutton\"><a href=\"\/contact\">contact us<\/a><\/div>\n<p><!-- Whiteblock Bottom--><\/p>\n<div class=\"whiteblock2\" id=\"w2\">\n<div class=\"wpwhiteblockwv\">\n<p><span style=\"font-size: large;\"><b>Watch automation videos&#8230;<\/b><\/span><\/p>\n<p><a href=\"\/watch-videos\"><img decoding=\"async\" title=\"Watch Automation Videos\" width=\"300px\" src=\"\/images\/video-image.jpg\" alt=\"Watch\"\/><\/a><\/p>\n<\/div>\n<div class=\"wpwhiteblockwv\">\n<p><span style=\"font-size: large;\"><b>Find out more&#8230;<\/b><\/span><\/p>\n<ul>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.granta-automation.co.uk\/news\/can-palletising-be-automated-where-the-product-size-changes-frequently\/\">Can Palletising Be Automated Where The Product Size Changes Frequently?<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.granta-automation.co.uk\/news\/have-you-seen-this-palletising-video\/\">Have You Seen This Palletising Video?<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.granta-automation.co.uk\/news\/can-you-automatically-palletise-open-top-crates-or-boxes\/\">Can You Automatically Palletise Open Top Crates or Boxes?<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.granta-automation.co.uk\/news\/what-efficiency-increases-do-you-get-with-automated-palletising\/\">What Efficiency Increases Do You Get With Automated Palletising?<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.granta-automation.co.uk\/news\/small-footprint-palletiser-cell\/\">Small Footprint Palletiser Cell<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wppaltypes\">\n<div class=\"circle\"><a href=\"\/types-of-automation\/robotic-palletising\/palletiser-application-examples\/bag-palletiser\"> <img decoding=\"async\" title=\"Bag Palletiser\" width=\"160px\" src=\"\/images\/paltypes\/Bag-Palletiser-2-Lane-c.png\" alt=\"Bag Palletiser\"><\/p>\n<p>Bag Palletiser<\/p>\n<p><\/a>\n<\/div>\n<div class=\"circle\"><a href=\"\/types-of-automation\/robotic-palletising\/palletiser-application-examples\/barrel-palletiser\"> <img title=\"Barrel Palletiser\" width=\"160px\"src=\"\/images\/paltypes\/barrel-palletiser-c.png\" alt=\"Barrel Palletiser\"><\/p>\n<p>Barrel Palletiser<\/p>\n<p><\/a>\n<\/div>\n<div class=\"circle\"><a href=\"\/types-of-automation\/robotic-palletising\/palletiser-application-examples\/box-palletiser\"> <img decoding=\"async\" title=\"Box Palletiser\" width=\"160px\" src=\"\/images\/paltypes\/Box-Palletiser-2-Lane.png\" alt=\"Box Palletiser\"><\/p>\n<p>Box Palletiser<\/p>\n<p><\/a>\n<\/div>\n<div class=\"circle\"><a href=\"\/types-of-automation\/robotic-palletising\/palletiser-application-examples\/crate-palletiser\"> <img decoding=\"async\" title=\"Crate Palletiser\" width=\"160px\" src=\"\/images\/paltypes\/Crate-Palletiser-2-Lane.png\" alt=\"Crate Palletiser\"><\/p>\n<p>Crate Palletiser<\/p>\n<p><\/a>\n<\/div>\n<div class=\"circle\"><a href=\"\/types-of-automation\/robotic-palletising\/palletiser-application-examples\/tray-palletiser\"> <img decoding=\"async\" title=\"Tray Palletiser\" width=\"160px\" src=\"\/images\/paltypes\/Tray-Palletiser-c.png\" alt=\"Tray Palletiser\"><\/p>\n<p>Tray Palletiser<\/p>\n<p><\/a>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The UK governments Super-deduction scheme is one of the most attractive tax incentives for business investment that has ever been offered by the UK Government.&nbsp; The scheme has been created to encourage firms to invest in productivity-enhancing plant and machinery &hellip; <a href=\"https:\/\/www.granta-automation.co.uk\/news\/uk-government-super-deduction-scheme-how-will-it-affect-my-purchase\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61,212,255,1],"tags":[307,309],"class_list":["post-1890","post","type-post","status-publish","format-standard","hentry","category-company-news","category-palletiser","category-robotic-palletiser","category-uncategorized","tag-palletiser-super-deduction","tag-palletising-tax"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/posts\/1890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/comments?post=1890"}],"version-history":[{"count":11,"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/posts\/1890\/revisions"}],"predecessor-version":[{"id":2355,"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/posts\/1890\/revisions\/2355"}],"wp:attachment":[{"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/media?parent=1890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/categories?post=1890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granta-automation.co.uk\/news\/wp-json\/wp\/v2\/tags?post=1890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}