Parliamentary Search

Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Tuesday, 26 April 2011. It occurred during Debate on bill on Finance (No. 3) Bill.

Finance (No. 3) Bill

I believe that the reduction in corporation tax will benefit businesses in all sectors. As for the question of capital allowances, the changes in relation to short-life assets have been welcomed throughout the business community, and particularly by the Engineering Employers Federation. In 2007 the last Government reduced the writing down allowances from 25% to 20%, and we are reducing them from 20% to 18%. That is a balanced move which will ensure that firms in all sectors, including manufacturing, benefit from the new corporation tax environment that we are introducing.

Secondary information

Type
Proceeding contribution
Reference
527 c71 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Children Alcoholic drinks Corporation tax Beer Air passenger duty Capital allowances Aggregates levy Environment protection Income tax Electricity generation Excise duties Fuels Economic growth Individual savings accounts Low incomes Northern Ireland Pensions Natural gas Nuclear power Business rates Prices Small businesses Tax allowances Tax avoidance Taxation Research Tobacco Science North Sea oil and gas Carbon emissions Bank levy National employment savings trust scheme
Legislation
Finance (No. 3) Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk