Written question asked by Jim Cunningham (Labour) on Wednesday, 26 November 2003, in the House of Commons. It was due for an answer on Wednesday, 3 December 2003. It was answered by Baroness Primarolo (Labour) on Wednesday, 3 December 2003 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what plans his Department has for tax relief on investment made by retailers in specified security equipment for stores under 3,000 square feet. - Includes figures.

Answer: Mr. Jim Cunningham: To ask the Chancellor of the Exchequer what plans his Department has for tax relief on investment made by retailers in specified security equipment for stores under 3,000 square feet. [140863] Dawn Primarolo: Capital spending by businesses, including retailers, on security equipment can qualify for tax relief through the capital allowances system. The generally available rate of writing-down allowances for spending on plant and machinery is 25 per cent. a year on the reducing balance basis. Small and medium-sized enterprises can claim 40 per cent. first-year allowances on their spending.

Secondary information