Yes, companies can benefit from various reliefs and allowances, such as:​

  • Annual Investment Allowance (AIA): Allows businesses to deduct the full value of qualifying capital expenditure from their profits, up to a certain limit.​

  • Research and Development (R&D) Relief: Provides tax relief for companies engaged in qualifying R&D activities, potentially reducing their tax bill or offering payable credits.​

  • Loss Relief: Allows companies to offset trading losses against other income or carry them forward to future periods