A new 100% first-year capital allowance for qualifying plant and machinery assets, and a 50% first-year allowance for qualifying special rate assets.
Sections 1 and 3 of the Terms of Reference: HMT-HMRC Capital Allowances and Leasing working group were updated in January 2024 to reflect the governments announcement on this policy question at Autumn Statement 2023
Autumn Statement 2023 - Permanent full expensing - technical consultation added
HMT/HMRC Leasing Working Group Terms of Reference added
First published.