Plant & machinery (P&M) 100% annual investment allowance (1st year):
1/1/19–31/12/21
From 1/1/22

£1,000,000
£200,000

P&M super-deduction first year allowance (FYA) for companies from 1/4/21

130%

Special rate P&M FYA for companies from 1/4/21                     

50%

Plant and machinery*

18%

Patent rights and know-how*

25%

Certain long-life assets and integral features of buildings*

6%

Structures and buildings (straight line)

3%

Electric charge points

100%

Motor Cars

CO₂ emissions of g/km:

0†

1–50

Over 50

Capital allowance:

100% first year

18% pa†

6% pa†

* Annual reducing balance
† New cars only

Research and Development

Capital expenditure

100%

Revenue expenditure relief – small/medium-sized companies

230%

Research and development expenditure credit – large companies

13%