A Network Survey Health Check will identify whether or not we can re-use or upgrade any existing equipment and technology or services.
Project Gigabit Also, the Gigabit Voucher Scheme, was relaunched in the last Budget (2021) and you may be eligible, dependent upon location. There are three main eligibility criteria, whether an SME, rural location and can you double your Bandwidth capacity?
Government launches new £5bn ‘Project Gigabit’ - GOV.UK (www.gov.uk)
Use the Postcode Check.
Super Deduction
On a more time sensitive basis, and with the advice of your Accountants; in the 2021 Budget there is the Super-Deduction tax break, providing significant relief against investment in Plant & Machinery. As far as our limited research goes, claims may include Fibre optic cabling, wiring, Computer equipment & Servers, Software licences but not Cloud Services currently, Integral features of buildings such as lifts, air-conditioning, electrical systems, Demolition of old or redundant plant and machinery, plus installation of Solar Panels.
In theory, especially if funded by a lease purchase, providing ordered and installed before March 2023, relief on the entire project would carry forward into the following year too, but please check with your Accountant as interpretation may differ.
October 2021 Budget Update
Chancellor Rishi Sunak - “I’m announcing today, for one year, a new 50% business rates discount for businesses in the retail, hospitality, and leisure sectors. Pubs, music venues, cinemas, restaurants, hotels, theatres, gyms.” Any eligible company can claim a discount on their bills of 50%, up to a maximum of £110,000. Sunak said that is a business tax cut worth almost £1.7 billion.
Government measures include: introducing a new revaluation cycle that will be delivered from 2023; a new investment relief to encourage businesses to adopt green technologies like solar panels. There will be a new ‘business rates improvement relief’. From 2023, firms will be able to make property improvements, and, for 12 months, pay no extra business rates.