Super-deduction calculator UK

Please note: this scheme has now expired and has been replaced by full expensing.

Use our super-deduction calculator to see how much you could have saved under the UK Government’s scheme, with tax savings of up to 130% on certain plant & machinery.

Tax savings calculator

Your business could cut taxes by benefiting from significant capital allowance measures on qualifying plant and machinery.

The super-deduction – 130% first-year relief
The 50% first-year allowance
Annual Investment Allowance (AIA) providing 100% relief

From 1 April 2021 to 31 March 2023, companies can claim 130% capital allowances on plant and machinery investments that would usually qualify for 18% tax relief. For example, a company investing £100,000 could claim a deduction of £130,000 against taxable profits, saving up to 19% of that – or £24,700 on its corporation tax bill

This is a special rate first year allowance (FYA) for plant and machinery which covers new plant and machinery that would usually qualify for the special rate of 6% tax relief, including integral features in a building and long life assets.

The annual investment allowance (AIA) lets a business deduct 100% of the cost of qualifying plant and machinery assets from their taxable profit, in the tax year of purchase. It means a business can save £1 in taxable profits for every £1 spent, up to a maximum of £1m per tax year.

Calculate potential tax saving

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Super-deduction calculator UK

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