Fixtures. Proposed legislation aimed at preventing allowances from being given more than once on the original cost of a fixture. Businesses would be required to pool their expenditure on fixtures within a reasonably short period after acquisition of a building in order to qualify for capital allowances;
Plant and machinery. Proposals to fix a rate of capital allowances for expenditure on plant or machinery that could qualify for tariff payments under the Feed-in Tariff regime or the Renewable Heat Incentive. The stated aim is to fix a rate that is ‘fair and certain’, and to ensure more consistent treatment between businesses; and
Plant and machinery anti-avoidance. Proposed amendments to the ‘generic’ anti-avoidance legislation. ‘The government would also welcome views on the other suggested ways of improving the capital allowances anti-avoidance rules in order to make them more effective at countering avoidance,’ HMRC said.
Fixtures. Proposed legislation aimed at preventing allowances from being given more than once on the original cost of a fixture. Businesses would be required to pool their expenditure on fixtures within a reasonably short period after acquisition of a building in order to qualify for capital allowances;
Plant and machinery. Proposals to fix a rate of capital allowances for expenditure on plant or machinery that could qualify for tariff payments under the Feed-in Tariff regime or the Renewable Heat Incentive. The stated aim is to fix a rate that is ‘fair and certain’, and to ensure more consistent treatment between businesses; and
Plant and machinery anti-avoidance. Proposed amendments to the ‘generic’ anti-avoidance legislation. ‘The government would also welcome views on the other suggested ways of improving the capital allowances anti-avoidance rules in order to make them more effective at countering avoidance,’ HMRC said.
