Having introduced a new ‘super-deduction style’ investment allowance as part of the energy profits levy, HMRC has also published the following new guidance on the super-deduction itself and the special-rate first-year allowance (SR allowance):
Check if you can claim super-deduction or special rate first year allowances: explaining eligibility for the super-deduction and SR allowance on plant or machinery costs;
Work out what you can claim for super-deduction or special rate first year allowances: covering how much can be claimed; and
Disposing of a super-deduction or special rate first year allowance asset: setting out how to calculate the balancing charge on a disposal of plant or machinery after claiming the allowances.
Having introduced a new ‘super-deduction style’ investment allowance as part of the energy profits levy, HMRC has also published the following new guidance on the super-deduction itself and the special-rate first-year allowance (SR allowance):
Check if you can claim super-deduction or special rate first year allowances: explaining eligibility for the super-deduction and SR allowance on plant or machinery costs;
Work out what you can claim for super-deduction or special rate first year allowances: covering how much can be claimed; and
Disposing of a super-deduction or special rate first year allowance asset: setting out how to calculate the balancing charge on a disposal of plant or machinery after claiming the allowances.
