Written question asked by Andrew Bowie (Conservative) on Monday, 26 April 2021, in the House of Commons. It was due for an answer on Wednesday, 28 April 2021. It was answered by Jesse Norman (Conservative) on Thursday, 29 April 2021 on behalf of the Treasury.
Business: Taxation
- Question
-
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of extending the super deduction to unincorporated businesses.
- Answer
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The super-deduction is available only to incorporated businesses subject to the charge of UK corporation tax.
The Government has no plans to extend the super-deduction to unincorporated businesses.
Unincorporated businesses can continue to claim 100% relief on qualifying investments in plant and machinery through the Annual Investment Allowance, which will remain at its highest ever level of £1 million until the end of 2021.
Secondary information
- Type
- Written question
- Reference
- 187293
- Session
- 2019-21
- Subjects
- Business Deductions Taxation
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2021-04-29 11:59:26 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/187293
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/187293
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/187293