For the latest New Development, see ND.2628.
A first-year allowance of 100% for main rate qualifying expenditure (known as 'full expensing') and a 50% rate for special rate qualifying expenditure is available. The expenditure must be made by a company within the charge to corporation tax and originally has to be incurred on or after 1 April 2023. There was originally a sunset date on the relief of 1 April 2026 but this relief has been made permanent1. For details of main rate
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