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Gov Owed
Open nowCapital & equipmentVerified 9 Nov 2026

Full expensing and 50% first-year allowance (companies)

HM Revenue and Customs

Check if you qualifyFree to check · no sign-up · full report £19.95

Worth

No set amount

Tax relief

Deadline

Rolling - no fixed deadline

Type of funding

Tax relief

Where

UK-wide

What it is

A tax relief, not a grant: companies can deduct 100% of the cost of most new plant and machinery (or 50% for special-rate items) from profits in the year they buy it, with no upper limit. The money you keep is the Corporation Tax you would otherwise pay.

Checked 9 Nov 2026 on GOV.UK: companies (not sole traders) can deduct 100% of the cost of new, unused plant and machinery, or 50% for special-rate items, in the year bought. It is a deduction from profits, not cash; for most small companies the £1 million Annual Investment Allowance already covers the same spend.

Official source

Who can apply

A summary of the main rules, not the full list. HM Revenue and Customs decides who is eligible, so read their guidance before you apply. The free scan checks these against your own business.

  • A limited company paying Corporation Tax
  • You're buying equipment, machinery, vans or other plant (not cars, land or buildings)
Read the full rules at the official source

Common questions

Is Full expensing and 50% first-year allowance (companies) open for applications?
Yes. It is open for applications, with no fixed deadline.
How much is Full expensing and 50% first-year allowance (companies) worth?
There is no single published figure: what you get depends on your project and the funder's assessment. It is a tax relief.
Who runs Full expensing and 50% first-year allowance (companies), and where is it available?
HM Revenue and Customs runs it. It is available across the UK.

Does your business qualify?

Eligibility rules are where schemes get fiddly. Gov Owed checks your business against Full expensing and 50% first-year allowance (companies) — and every other UK scheme we track — in about two minutes, free. The £19.95 report then explains exactly why you qualify, drafts your answers and walks you through the real application step by step.

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Information, not financial advice; eligibility is decided by the funder. Contains public sector information licensed under the Open Government Licence v3.0. Schemes change — confirm details on the official page before applying.