The UK government is offering to pay for over 25% of your AV project!
Spending by companies on new AV and audio equipment now qualifies for a 130% Corporation Tax Super-Deduction. For every £1,000 spent, £1,300 can be deducted from profits for Corporation Tax calculation purposes. So a firm spending £100,000 on AV would typically pay £24,700 less Corporation Tax than normal that year. Check all the details with your accountants to make sure you reap the benefits which are up for grabs, and please take independent advice for your own company’s situation. Here’s the official announcement from HM Revenue & Customs.
LET THE GOVERNMENT SIGNIFICANTLY REDUCE THE COST OF YOUR AV PROJECT
- There has never been a better time to make an AV investment.
- AV Projects currently qualify for a post-Covid Government stimulus package.
- This major Government scheme has been introduced to encourage companies to buy capital assets in the coming months.
- In effect, the government is offering to pay for over 25% of your AV project.