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