Cambs Newsletter - Summer 2021

www.cambscompressors.co.uk SUMMER ‘Keeping the heart of Industry Pumping’ 130% CAPITAL PLANT INCENTIVE SCHEME Super deductions mean 130% Capital Plant Incentive Scheme means there’s never been a better time to invest in a new compressed air solution. New compressed air solutions with up to 130% tax relief The super deductions allowance that was announced by Chancellor Sunak on Wednesday 3rd of March 2021, paves the way for huge amounts of new investment. It means businesses in the UK to reduce their corporation tax bill by up to 130% of any investment that they make in the next two years, including investment in new machinery such as air compressors. “It means if you invest £20,000 in a new air compressor, you will be able to deduct £26,000 from your tax bill. This means, your accounts team can deduct 130% of your initial investment (£20,000) when calculating your taxable businesses profits. The super-deduction is an enhanced first-year allowance providing an allowance exceeding the cost of the asset. It makes investing now very attractive, helping save tax liabilities and aid cashflow.” Mike Smith Customer Support Cambs Compressors 130% Capital Plant Incentive Scheme This measure will temporarily introduce increased reliefs for expenditure on plant and machinery. There really has never been a better time to look to improve your on-site facilities by investing in new compressed air solutions. No better time to invest in a new compressed air solutions How remote can your compressed air solution provider be when you’re fully engaged with technology? Compressed air sales support from Thailand When Richard Bachini, joined Cambs Compressors as a solutions provider, his experience in Compressed Air was as impressive as the countries he’d visited. Having worked in his family’s compressed air business, Richard had grown up within the industry. When the business was sold, Richard took the opportunity to take a sabbatical and travel the World. Fortunately for Cambs Compressors he returned to the UK and the industry he loved, wiser for his years overseas. Cambs Compressors, COVID and the technology shift Like many other companies, Cambs Compressors digital transformation was accelerated by the pandemic and realisation that if you wanted to carry on technology was the way forward. This realisation and an MD with the vision to make it possible, Richard moved to Thailand and has been working remotely since autumn 2020. Cambs Compressors Remote Solutions Mike Smith Solutions Engineer, Cambs Compressors Richard Bachini Solutions Engineer, Cambs Compressors