Brain Madderson

A ‘super deduction’ on new plant and machinery announced by the Chancellor yesterday would help to reduce the tax bill on new investments by businesses by 130 percent of the total cost over the next two years.


The news has been broadly welcomed by industry, including the Petrol Retailer Association. Chairman Brian Madderson said “This scheme provides the incentive during these difficult times for fuel retailers to invest in new automated car washing facilities, new food to go or shop renovations, and chilled display cabinets. It is also an helpful first step to investment in new electric vehicle charging points to meet the projected growth in demand for EV’s”

Madderson also said that he ‘largely welcomed’ the rest of the budget speech, including a three month extension of 100 percent business rate relief  which will ‘make a substantial difference to fuel retailers’.

For the latest news and analysis from around the aftermarket, sign up to the CAT eNewsletter today

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

Movers & Shakers: Round-up of all the latest changes

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

GSF announces new-look leadership team

GSF will add 20 new branches to its 180-strong network over the next 12 months; up to 20 further locations will follow from 2025

Read More

Winners crowned at CAT Awards 2024

The annual event, held at the Lowry Hotel, welcomed more than 200 people from across the aftermarket

Read More

Fraudsters guilty of selling knock-off aftermarket parts in UK

Group used Amazon as platform for its products

Read More

APH Automotive appointed Suplex’s exclusive GB distributor

Director Andrew Hopkin said the move “is a feather in the cap for APH”

Read More

Go to comments

Your email address will not be published. Required fields are marked *