HM Revenue & Customs
Lets a business deduct the full cost of qualifying plant and machinery — up to £1 million a year — from taxable profits in the year it's bought, rather than spreading the relief out over several years. Available to sole traders, partnerships, and companies alike, though some rules apply where connected businesses share the same allowance.
Amount
100% relief on qualifying plant/machinery investments up to £1 million per year
Deadline
Rolling / no fixed deadline
R&D claims and business grants are exactly where a specialist can make the biggest difference — both in claim size and time saved. We're building relationships with vetted professionals who can help with applications like this — register your interest and we'll follow up when we have someone to recommend.
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You can also do this yourself for free via the official sourceClaim via your Self Assessment or Corporation Tax return in the accounting period of purchase.
View official sourceLast verified: 1 August 2026. See the footer disclaimer — this is general information, not financial or tax advice.