A new 100% first-year capital allowance for qualifying plant and machinery assets, and a 50% first-year allowance for qualifying special rate assets.
Published 15 March 2023 Last updated 19 January 2024 +show all updates
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