A new change to the UK’s capital allowance regime means right now is a fantastic time for your business to invest in component cleaning machines. In last month’s Budget, Chancellor Rishi Sunak announced the “super-deduction” policy that will allow your company to claim 130% capital allowances on plant and machinery investments. The announcement may not have gained the front-page headlines of other Budget initiatives, but it is absolutely worth paying attention to.

The super-deduction is a temporary policy – businesses can only claim for qualifying expenditures incurred from April 2021 until March 2023. It works by allowing a company to deduct 130% of the initial investment when computing taxable profits. This means that, for every pound a company invests under the super-deduction, their taxes are cut by up to 25p…

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At the end of 2020, PM Boris Johnson announced a change in government policy on the use of fossil fuels in cars, bringing forward a ban on selling new petrol or diesel cars from 2035 to 2030, as part of a £12bn green industrial strategy to tackle climate change.

For electric cars to become commercially attractive, the industry is considering a target of 10 minutes for 80% charge on the battery. The main objective is better reliability and safety so drivers can reach their destination without an issue. As innovative technology emerges in this field, new challenges become evident. One major hurdle for lithium ion battery technology is dealing with the high heat load generated during charge transfer in this brief time…

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