If you’re thinking of purchasing new plant or equipment HMRC are allowing a super deduction of 130% first year tax relief to be offset against your Companies profit for that year.
The super deduction was introduced on 01 April 2021 and will be available to all companies up to 31 March 2023. This is to support businesses during the Coronavirus pandemic. Normally the purchase of new equipment would fall under the writing down allowance of 18% per year.
In addition, an enhanced first year allowance of 50% on qualifying special rate assets has also been introduced for expenditure within the same period. This includes most new plant and machinery investments that ordinarily qualify for 6% special rate writing down allowances. https://www.gov.uk/guidance/super-deduction