Main Capital & Other Allowances
|
Plant and machinery and other capital expenditure |
|
|
Annual Investment Allowance:
|
£200,000 £1,000,000 £200,000 |
|
Enterprise zone plant & machinery |
100% |
|
Plant & Machinery (reducing balance) pa |
18% |
|
Patent rights & know-how (reducing balance) pa |
25% |
|
Certain long-life assets, integral features of buildings (reducing balance) pa |
6%[1] |
|
Energy & water-efficient equipment |
100% |
|
Electric vans |
100% |
|
Structures and buildings allowance (SBA)[2] |
100% |
|
Research and Development Allowance (RDA)[3] |
100% |
Motor Cars
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Corporation Tax - Expenditure on or after 01/04/2019 Income Tax - Expenditure on or after 06/04/2019 |
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CO2 emissions of g/km: |
<50 or electrically propelled |
51-110 |
>111 |
|
Capital allowance |
100% first year |
18% reducing balance pa |
6% reducing balance pa |
|
Corporation Tax - Expenditure on or after 01/04/2015 but before 31/03/2018 Income Tax - Expenditure on or after 06/04/2015 but before 05/04/2018 |
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CO2 emissions of g/km: |
<75 |
76-130 |
>131 |
|
Capital allowance |
100% first year |
18% reducing balance pa |
8% reducing balance pa1 |
|
Corporation Tax - Expenditure on or after 01/04/2013 but before 31/03/2015 Income Tax – Expenditure on or after 06/04/2013 but before 05/04/2015 |
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CO2 emissions of g/km: |
<95 |
96-130 |
>131 |
|
Capital allowance |
100% first year |
18% reducing balance pa |
8% reducing balance pa1 |
[1] 8% until April 19, 6% from 1st April 2019 for companies and 6th April 2019 for individuals.
[2] From 29 October 2018, capital allowance at a rate of 2% will be available for new qualifying non-residential structures and buildings on a straight-line basis.
[3] RDA is only due if the research and development (R&D) expenditure is related to the trade being carried on or about to be carried on. R&D related to a trade includes any expenditure which may lead to or facilitate an extension of the trade; and medical research which has a special relation to the welfare of workers employed in that trade.
Research & Development Tax Credits
|
|
2016/17 |
2017/18 |
2018/19 |
2019/20 |
2020/21 |
Note |
|
SME enhanced deduction scheme |
130% |
130% |
130% |
130% |
130% |
A |
|
SME cash credit for R&D loss surrendered |
14.5% |
14.5% |
14.5% |
14.5% |
14.5% |
|
|
Large company above the line scheme credit (RDEC) |
11% |
12% |
12% |
12% |
13% |
B |
A - Additional (enhanced) tax deduction available for qualifying R&D expenditure. From 1 April 2016, the only scheme available to large companies is RDEC.
B - Tax credit available on qualifying R&D expenditure. RDEC rate increased to 12% on qualifying expenditure incurred on or after 1 January 2018. The rate was 11% prior to the change.
Please contact us for further information.
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