# Finance Act 2021, Section 11: Reduced super-deduction


(1) Subsection (2) applies where a person incurs super-deduction expenditure in a chargeable period (“the relevant period”) that ends on or after 1 April 2023.
(2) Where this subsection applies, section 9(1)(b) applies as if for “130%” there were substituted the relevant percentage.
(3) Subsection (4) applies where a person becomes entitled in a chargeable period (“the relevant period”) that ends on or after 1 April 2023 to a super-deduction as a result of section 236(2) in respect of an additional VAT liability that is regarded (as a result of that section) as super-deduction expenditure.
(4) Where this subsection applies, section 9(1)(b) applies as if for “130%” there were substituted—
(a) where the person becomes entitled to the super-deduction before 1 April 2023, the relevant percentage, or
(b) otherwise, “100%”.
(5) For the purposes of subsections (2) and (4)(a), the relevant percentage is X% where X is determined by—
(a) dividing the number of days in the relevant period before 1 April 2023 by the total number of days in that period,
(b) multiplying that amount by 30, and
(c) adding 100 to the result.

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Source: https://www.legislation.gov.uk/ukpga/2021/26/section/11 (the official version)
Page: https://openlegislation.uk/finance-act-2021/section-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.