Capital Allowances: Manufacturing Industries

Date of Answer: 03.06.2010

Column References: 510 c100W

Member Tabling Question: McKinnell, Catherine

Topic: Capital Allowances: Manufacturing Industries

Question: To ask the Chancellor of the Exchequer what plans he has for the future level of investment allowances for manufacturing businesses; and if he will make a statement.

Answering Department: Treasury

Member Answering Question: Gauke, David

Answer: The Coalition Agreement sets out the Government’s aim to:” “reform the corporate tax system by simplifying reliefs and allowances, and tackling avoidance, in order to reduce headline rates. Our aim is to create the most competitive corporate tax regime in the G20, while protecting manufacturing industries.””The Chancellor of the Exchequer will make a further statement at the emergency Budget on 22 June 2010.

Question Number: 781

Date Tabled: 27.05.2010

Date for Answer: 03.06.2010