If you’re thinking about upgrading or expanding your warehouse equipment, now’s the time. The UK Government’s “Full Expensing” tax relief lets you claim 100% of the cost of qualifying new equipment — including forklifts — as a deduction against your taxable profits.
UK Businesses Can Save Thousands with the Government’s Forklift Tax Relief Scheme.
In plain English?
Buy a new forklift today, and you can knock the full value off your corporation tax bill this year, instead of spreading it over several years.
That means more cash left in your business, right when you need it most.
What is Full Expensing (formerly the Super-Deduction)?
The scheme replaced the pandemic-era “super deduction” in April 2023, and it continues to support UK businesses investing in productivity-boosting equipment.
Under Full Expensing, companies that pay corporation tax can deduct 100% of the purchase price of new, unused plant and machinery from their profits before tax.
For example:
If your company buys a new Kelvin forklift for £8,999, and you pay the 25% main rate of corporation tax, your business could save £2,249.75 in tax (25% × £8,999).
That’s money you can reinvest in additional machinery, staff training, or warehouse improvements all while getting brand-new, efficient forklifts on site.
Who can claim this relief?
Full Expensing is available to:
- UK companies that pay corporation tax
- Businesses investing in new and unused equipment (not second-hand)
- Purchases classified as “plant and machinery”, which includes forklifts
Good to know:
Sole traders and partnerships don’t qualify for this specific scheme, but they can still claim the Annual Investment Allowance (AIA), which covers up to £1 million in qualifying purchases per year.
Why this matters for forklift buyers
This scheme is tailor-made for companies investing in warehouse efficiency. Forklifts count as essential plant and machinery, so your new Kelvin forklift qualifies.
By combining Full Expensing with Kelvin’s competitive pricing and lease options, you can maximise your savings both in tax and cash flow.
How to claim the tax relief
- Purchase a new forklift
- Keep detailed records of the purchase, invoice, and date of delivery.
- Claim the deduction when you file your corporation tax return for that accounting year.
- Consult your accountant or tax adviser to ensure you meet the requirements and apply it correctly.
Most accountants can handle the claim easily, it’s part of your standard capital allowance process.
Why Kelvin Forklifts is the smart choice
Unlike global resellers, Kelvin Forklifts are designed in the UK and precision-manufactured in China, combining advanced engineering with excellent value.
Our customers enjoy premium performance without premium pricing, and every forklift is backed by our highly rated UK customer service team as seen on Trustpilot.
When you buy from Kelvin, you’re not just investing in a machine, you’re investing in reliability, support, and long-term efficiency.
Important reminders
- The scheme applies to new, unused forklifts - not used or refurbished models.
- The incentive is time-limited, so it’s wise to act before rules change in future Budgets.
- If you use hire-purchase or finance, check with your accountant that your agreement qualifies (it usually does, if you take ownership at the end).
Next steps
If you’re considering upgrading your forklift fleet, this tax relief could save your business thousands.
Contact Kelvin Forklifts today for a tailored quote and a free consultation on how the UK Full Expensing scheme could benefit your company.
Our team can walk you through both the equipment options and the tax savings, helping you make a confident, cost-effective investment.
