'New temporary tax reliefs on qualifying capital asset investments' means it has never been a better time to invest in Guyson automated equipment

With spring in the air, the uncertainty about Brexit behind us, the Covid vaccination programme racing ahead, lockdown restrictions gradually easing and new measures intended to stimulate business investment announced by Chancellor Rishi Sunak in the March budget; this year is now looking like a great time to be investing in the UK's manufacturing future.

Guyson International Ltd, the UK’s leading manufacturer of manual, semi-automatic and fully automated blast, shot peening and ultrasonic cleaning systems have a range of equipment designed to improve your productivity and working environment. From traditional hand-operated units to fully automated robot operated ultrasonic, blast and shot peening systems, Guyson is well placed to advise you on how to optimise any process capital investment.

So 2021 could be just the time to invest in automating or updating that ageing manual process with one of Guyson's rotary table, rotary indexing, in-line, tumble-basket or robotically controlled blast systems, or possibly improve the quality and output of your cleaning by installing an automated Microsolve (solvent) or Microclean (aqueous) ultrasonic precision cleaning system.

What is the new Tax Benefit?
With this new equipment capital investment, you could be reducing your tax bill. The super-deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest. It was announced in this year's budget that for the next two years, up to and including 31 March 2023, when companies invest, they can reduce their tax bill with a super deduction of 130% of the cost.

How does it Work?
“From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will be able to claim:”

• A super-deduction providing allowances of 130% on most new plant and machinery investments that ordinarily qualify for 18% main rate writing down allowances
  
• A first-year allowance of 50% on most new plant and machinery investments that ordinarily qualify for 6% special rate writing down allowances

(Source: .gov.uk)

Capital allowances allow businesses to write off the costs of tangible capital assets, such as plant or machinery, against their taxable income. They take the place of commercial depreciation, which is not an allowable tax deduction.

If you would like to learn more about how you could take advantage of these new capital allowance changes please email info@guyson.co.uk or phone 01756 799911 and ask for our 'Customer Service Department' who can take your details and your local representative will get back to you with the relevant information.

About Guyson
Guyson International Limited is a privately owned family company with a worldwide reputation for excellence in the design and manufacture of blast finishing, spray wash and ultrasonic cleaning equipment. Formed over eighty years ago, the company is registered to BS EN ISO 9001: 2015 and BS OHSAS 18001:2007, and its head office is located at Skipton, North Yorkshire, in the north of England. Guyson has four international subsidiary companies: Guyson Corporation of the USA, located in Saratoga Springs, New York State; Guyson SA, situated near Paris, France; Guyson Sdn Bhd in Penang, Malaysia; and Guyson CN, in Wuxi, Jiangsu Province, China.