The Mudcat Café TM
Thread #168430   Message #4142957
Posted By: Bonzo3legs
31-May-22 - 04:37 AM
Thread Name: BS: Brexit & other UK political topics
Subject: RE: BS: Brexit & other UK political topics
Businesses whose accounting period ends before 1 April 2023, can claim the full super-deduction of 130% on qualifying capital expenditure - that is 30% more than its cost. Furthermore, if the super deduction is claimed for year ended 31/03/22 and creates a loss, it can be carried back against profits for the previous 3 years and tax refunds claimed!!!!!!