Main Capital and Other Allowances

Plant and machinery 100% annual investment allowance (1st year)

1/1/19 to 31/12/20 £1,000,000
From 1/1/21 £200,000
Enterprise zone plant and machinery (max €125m per project) 100%
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: 50 or less† 51–110 Over 110
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%
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ICAEW The Chartered Institute of Taxation ACCA IPG IR