In the March 2023 Budget the Chancellor announced a tax break that allows businesses to deduct 100% of capital spend on ‘plant and machinery’ against taxable profits. That’s 25p of corporation tax saved per £1 invested. Energy saving measures such as energy efficient machinery, heating and ventilation systems, and solar panels, will qualify. The relief applies until 2026.
Consumers want to buy off businesses that are ethical and sustainable. If you need honest, practical advice on energy saving in your business, please contact me.
Why not start off with a Lunch and Learn session?
