We aim to keep this page up to date with any incentives that may be available when considering a purchase of a new Yizumi moulding machine. Incentives can be in the form of special offers or government incentives that may be applicable. Use the contact form at the bottom of the page to get in touch and we can discuss suitability.
Super-deduction tax relief - Save 25% off a new machine
Short version – Cut company tax liability by up to 25%, by claiming 130% capital allowances. For every pound a company invests in qualifying equipment, their taxes are cut by up to 25p. A Yizumi machine qualifies. This is only in place until 31 March 2023 and available to companies that pay corporation tax. Machinery must be invoiced and delivered before the deadline. We do keep machines in stock for quick delivery, but it’s worth keeping in mind that larger and bespoke machines will have a lead time. Why delay?
More information – Announced during the 2021 budget, this super-deduction tax offers a really good financial incentive to companies to invest in the latest machinery. This new capital allowances offer is the most attractive out of the four capital allowance options. The super-deduction allowance aims to boost investment following the Covid-19 pandemic. The plastics industry further benefits by getting more efficient machinery with the latest technology into the market place. As well as a reduction in a companies tax position, significant savings on energy can also be considered.
Capital allowances let taxpayers write off the cost of certain capital assets against taxable income, a Yizumi is a qualifying asset. The saving is received by deducting capital allowances when computing a companies taxable profits.
For example, if a company were to spend £100,000 on a qualifying asset, the company can deduct £130,000 from it’s taxable profits. Assuming a typical corporation tax of 19%, would mean a saving of £24,700 against it’s corporation tax bill. This effectively means the machine has cost the business only £75,300.
A new Yizumi machine can be funded by Hire Purchase finance and still qualify. We work with a number of finance brokers so we can offer full finance quotes if required.
Sole traders and partnerships can look to take advantage of the annual investment allowance.
Don’t just take our word for it, you can find out more about this directly from the horses mouth at https://www.gov.uk/guidance/super-deduction
You can use the calculator below to get a feel for potential savings. This information is provided as a guide only and we’d advise getting qualified advice before proceeding. We’d also be delighted to informally discuss the scheme, call us on 01933 272747 or visit our showroom to look over options.
Working with Origin Finance for customer exclusive rates
STV Machinery are specialists in injection moulding machines, not finance. We’re not officially affiliated with any finance organisation, leaving free reign for our customers. However, we have worked closely with Origin Finance who have put significant effort into understanding our machinery and industry. As a result, we’ve been able to collaborate to offer our customers unique finance packages, further enhancing the value of a machine purchase. Finance isn’t just limted to new machinery, many refurbished customers have also benefitted from financing their purchase.
Recent new machinery purchases that have been financed have included very low deposits with an extremely competitive term.
Please get in contact with us to discuss any machine, we can then discuss a potential offer with Origin. You can find out more about origin via their website at https://www.originfinance.co.uk/