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Written question asked by Ben Lake (Plaid Cymru) on Monday, 10 February 2025, in the House of Commons. It was due for an answer on Wednesday, 12 February 2025. It was answered by James Murray (Labour) on Tuesday, 18 February 2025 on behalf of the Treasury.


Roads: Freight

Question

To ask the Chancellor of the Exchequer, whether her Department plans to extend full expensing to leased vehicles to support the road haulage industry in Wales.

Answer

The UK has one of the most generous and competitive capital allowances regimes in the world and is the only major economy with permanent full expensing.

The government recognises the case to extend full expensing to leasing and will explore making this change when fiscal conditions allow.


Secondary information

Type
Written question
Reference
30112
Session
2024-26
Subjects
Costs Freight Large goods vehicles Government assistance Wales Roads
Link
View this Written question on www.parliament.uk