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Back to the Office - Why it’s more tax efficient than ever to invest in technology to support Hybrid working

With many companies having their staff return to the office, we are noticing a lot of companies reconfiguring space to support hybrid-working. This means we are seeing what, was once desk spaces, being converted into huddle or meeting spaces with collaborative technology at the heart of this workplace revolution. This has been further supported by recent announcements from HM Treasury.

Rishi Sunak has announced that whilst the UK corporation tax rate will rise to 25% from April 2023, a temporary 'super-deduction' of up to 130% will be available to encourage investment in new plant and machinery, describing the move as “the biggest business tax cut in modern British history”.

What qualifies as plant and machinery?

Most tangible capital assets used in the course of a business are considered plant and machinery for the purposes of claiming capital allowances, this includes large format displays for meeting rooms like Clevertouch, or SMART Conferencing systems like Logitch,Poly, Nureva audio solutions and workplace management systems such as EntrySign, and GoBright which all have hardware elements.

What does this mean for your business?

A company incurring £1m of qualifying expenditure can decide to claim the super-deduction. By spending £1m on qualifying investments, the company can deduct £1.3m (130% of the initial investment) in computing its taxable profits. By doing this the company will save up to 19% of that – or £247,000 – on its corporation tax bill.

What are capital allowances?

Capital allowances let taxpayers write off the cost of certain capital assets against taxable income. They take the place of accounting depreciation, which is not normally tax-deductible.

Businesses deduct capital allowances when computing their taxable profits. In translating its accounting profits into taxable profits, a business is usually required to ‘add back’ any depreciation but, can instead deduct capital allowances.

For more advice on how we can assist you with your hybrid workplace plans, please contact us: Call: 0800 195 0938 - Email: - Visit:

Posted By: Colin Birchall - 22-Sep-2020

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