{"id":716,"date":"2022-10-25T10:56:26","date_gmt":"2022-10-25T09:56:26","guid":{"rendered":"\/blog\/?p=716"},"modified":"2023-09-05T16:40:47","modified_gmt":"2023-09-05T15:40:47","slug":"how-to-use-the-super-deduction-at-rapid-racking","status":"publish","type":"post","link":"\/blog\/how-to-use-the-super-deduction-at-rapid-racking\/","title":{"rendered":"How to use the Super-Deduction at Rapid Racking\u00a0"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">A message from Rapid Racking&#8217;s MD.&nbsp;<\/h3>\n\n\n\n<p>Dear customer,&nbsp;&nbsp;<\/p>\n\n\n\n<p>As a UK business, we feel it is our responsibility to remind you about a tax-saving initiative you may be entitled to.&nbsp;&nbsp;<\/p>\n\n\n\n<p>In 2021 the UK Government introduced a nationwide super-deduction, and your business may be eligible to use this with Rapid Racking until 31 March 2023.&nbsp;&nbsp;<\/p>\n\n\n\n<p>This scheme offers a temporary 130% super-deduction for main rate assets and a temporary 50% first-year allowance for special rate assets. These allowances can include new plant equipment and machinery integral to a business. For example, racking or shelving used by a business to hold its stock can fall into this category, as can pallet trucks. &nbsp;<\/p>\n\n\n\n<p>The government&#8217;s super-deduction will give Ltd companies an opportunity to make additional investments, and bring planned investments forward by implementing a much higher tax deduction than normal.&nbsp;&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What you can claim with the super-deduction:<\/strong>&nbsp;<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>130% super-deduction capital allowance on qualifying plant and machinery investments;&nbsp;<br><\/li>\n\n\n\n<li>A 50% first-year allowance for qualifying special rates assets;&nbsp;<br><\/li>\n\n\n\n<li>Under the super-deduction, for every \u00a31 a company invests the tax bill is reduced by up to 25p.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How the super-deduction can influence your tax bill [for example]:<\/strong>&nbsp;<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"\/blog\/wp-content\/uploads\/2022\/10\/image-1.png\" alt=\"\" class=\"wp-image-721\" width=\"636\" height=\"248\" srcset=\"\/blog\/wp-content\/uploads\/2022\/10\/image-1.png 570w, \/blog\/wp-content\/uploads\/2022\/10\/image-1-300x117.png 300w, \/blog\/wp-content\/uploads\/2022\/10\/image-1-508x198.png 508w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><figcaption class=\"wp-element-caption\"><em>The above example assumes that the AIA allowance for a business has already been fully utilised.<\/em>&nbsp;<\/figcaption><\/figure>\n\n\n\n<p>Please speak to your finance director or accountant before purchasing to determine if your business is eligible for the super-deduction scheme.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Find out more <a href=\"http:\/\/www.gov.uk\/government\/publications\/new-temporary-tax-reliefs-on-qualifying-capital-asset-investments-from-1-april-2021\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>here<\/strong><\/a>.\u00a0\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Book a free warehouse and storage design consultation with your local specialist today: <\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Email:<\/strong> rapiddesign@rapidracking.com <\/li>\n\n\n\n<li><strong>Call direct:<\/strong> <strong>08000 147 444<\/strong><\/li>\n\n\n\n<li><strong>Book online:<\/strong> <a href=\"https:\/\/www.rapidracking.com\/en\/rra\/free-site-visit\" target=\"_blank\" rel=\"noopener\" title=\"\">www.rapidracking.com\/en\/rra\/free-site-visit<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A message from Rapid Racking&#8217;s MD.&nbsp; Dear customer,&nbsp;&nbsp; As a UK business, we feel it is our responsibility to remind you about a tax-saving initiative you may be&#8230;<\/p>\n","protected":false},"author":7,"featured_media":725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[64,186,68],"class_list":["post-716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-articles","tag-storage","tag-tax","tag-warehouse"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"A message from Rapid Racking&#039;s MD. 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