Article

Super-deduction for vans with the 2022 Annual Investment Allowance (AIA)

You can now benefit from a 130% capital allowance super-deduction on qualifying commercial vehicles. Find out how the 2022 AIA can help you.

Mar 04, 2022

Super-deduction for vans with the 2022 Annual Investment Allowance (AIA)

Super-deduction for vans with the 2022 Annual Investment Allowance (AIA)

The government has announced a new 130% capital allowance super-deduction for qualifying commercial vehicles. Discover how you could save money on your new van at Sandicliffe.

The Annual Investment Allowance (AIA) is a yearly tax relief scheme that is offered by the UK government. This scheme is designed to help British businesses purchase their equipment at more affordable prices. In this blog, we will take you through everything you need to know about the 2022 AIA and how Sandicliffe can help you use it to buy a new van.

Ideal for businesses who need to stay mobile, with the AIA you can save money on new vans. So, if your business is powered by commercial vehicles, visit your local Sandicliffe dealership today to find the best deals on incredible new vans. With a new Ford or Nissan van, you can upgrade your business. We also have a wide variety of new, nearly new and used vans from other famous vans. 

This year, the Annual Investment includes a super-deduction specifically for vans and commercial vehicles. Ideal for anyone in the market for a new van, this is the most beneficial tax incentive ever offered to British businesses by the government. To make sure you don’t miss out, contact the expert team at Sandicliffe today. 

Super-deduction for commercial vehicles at Sandicliffe

Sandicliffe has a reputation for offering the best range of new, used and nearly new commercial vehicles. Our award-winning team can help you access the benefits of the AIA and make your fleet of commercial vehicles even more affordable. With help from the Sandicliffe experts, you can upgrade your workforce with the perfect new van. 

The super-deduction for vans and commercial vehicles allows businesses to claim back up to 25p for every pound spent on qualifying machinery. This scheme also allows you to claim 130% in-year tax relief for main rate expenditure on new vans. Running until 31st March 2023, there has never been a better time to invest in your commercial vehicles.

With the super-deduction, if you spend £10,000 on qualifying machinery, you will be able to deduct 130% of that figure when calculating your taxable profits. This means that you can deduct £13,000 from your taxable profits for every £10,000 spent. This equates to a direct actual saving of £2470 on your corporation tax bill for every £10,000 spent on qualifying vans and equipment. 

 

Equipment and machinery that qualifies for this scheme is usually given an 18% main rate write-down allowance. This shows just how much of a saving the super-deduction is offering. Qualifying vehicles will also get a first-year allowance of 50% for qualifying vans and machinery that would usually qualify for a 6% special rate write-down allowance.

Why has the government introduced the super-deduction for vans?

The government has designed the super-deduction scheme to offer businesses a “strong incentive to make additional investments, and to bring planned investments forward”. This is in response to the falling levels of business investment that were triggered by Covid-19. During Q3 of 2019 and Q3 of 2020, business investment in the UK dropped by 11.6%.

With the super-deduction, even small businesses can take their enterprise to the next level with a new van. And by doing so, you can help to stimulate economic growth and strengthen the UK market further. This will all contribute towards growing your business and enhancing your profit margins over the next couple of years. 

Whatever type of business you are in, there will be a van for you at Sandicliffe. This includes all of the new Ford and Nissan vans. We can also help you with Ford's one-stop shop customisation. Then, after our specialist team has helped you find the perfect van, we offer fast and hassle-free accident repair, MOTs and servicing.

Other things that you can purchase using the super-deduction include tractors, lorries and solar panels. Inside your office, you can also purchase computer equipment, ladders and tools, desks and chairs and more. Whatever your business needs to help it grow, the super-deduction can make it more affordable. 

Furthermore, you can use the super-deduction to purchase electric vehicle charge points. If you end up driving away in a new electric or hybrid van, this could be very useful for you. Ford has a range of fantastic electric vans to choose from and Nissan's all-electric E-NV200 gives you plenty of electric van options. 

If you have any questions about the super-deduction for commercial vehicles, contact Sandicliffe today. Our expert team can answer all of your questions about this year's Annual Investment Allowance for vans and how it can help you find the perfect new van for your business needs. 

Make an Enquiry

Similar Articles

Mazda: Japanese design, global icon.

Recapping Mental Health Awareness Week

How does sleep affect our mental health?

Dress Down For Mental Health Awareness Week

You’re invited to our Nissan ARIYA preview event!

Using food to boost your mood

(0) Shortlist