A new change to the UK’s capital allowance regime means right now is a fantastic time for your business to invest in component cleaning machines. In last month’s Budget, Chancellor Rishi Sunak announced the “super-deduction” policy that will allow your company to claim 130% capital allowances on plant and machinery investments. The announcement may not have gained the front-page headlines of other Budget initiatives, but it is absolutely worth paying attention to.
The super-deduction is a temporary policy – businesses can only claim for qualifying expenditures incurred from April 2021 until March 2023. It works by allowing a company to deduct 130% of the initial investment when computing taxable profits. This means that, for every pound a company invests under the super-deduction, their taxes are cut by up to 25p…
The Chancellor also announced a 50% first-year allowance for special rate (including long life) assets that ordinarily qualify for a 6% special rate writing down allowance. Taken together, these policies provide a strong financial incentive for businesses to make additional investments, and to accelerate the rate of planned investments.
At Fraser Technologies, we have the expertise to assess your individual business needs and select the best component cleaning machine for you to make this investment. For almost 50 years, we have been delivering chemical solutions to UK manufacturing across a range of industries. As an independent supplier of equipment and chemicals we are well placed to offer this complete package, we are able to work with you to provide the solvent or aqueous cleaning systems that best suit your manufacturing business.
Fraser Technologies’ solvent cleaning systems offer an environmentally friendly and cost-effective solution to your precision cleaning needs. With minimal cost and capital investment, our new generation OpteonTM solvents can clean components to an exceptionally high standard. We have teamed up with Crest Ultrasonics – the global leaders in designing and manufacturing precision cleaning equipment – to supply the UK with the latest range of solvent cleaning systems.
A key advantage of our solvent equipment is the auto-sealing compression lid which, along with the unique vapour control system, increases solvent retention. We are able to offer standard, single and multi-stage systems with semi or full automation to fully bespoke options. This reduces costs and emissions significantly, enabling you to be confident in a superior cleaning product that is friendly to your balance sheet and the environment.
We also offer a diverse range of aqueous component cleaning systems. From single, multi-stage and fully automated aqueous ultrasonic systems, which feature unique swept-wave ultrasonics, as well as single chamber, multi-stage spray wash units, we will find a system that meets your exact application requirements.
The super deduction unveiled by Rishi Sunak means now is a uniquely excellent time for your business to invest in these quality component cleaning machines. For more information about the products we offer and how we can meet your business needs, please get in touch.