Foreign Investment in UK

(asked on 26th November 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to create a positive environment for investment in the UK after the end of the transition period on 31 December 2020.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 1st December 2020

The Government will maintain a competitive tax environment for business, ensuring the UK remains one of the most attractive places in the world to invest, start and grow a business.

As part of this, last month the Government announced a year-long extension to the £1 million temporary cap of the Annual Investment Allowance (AIA). The AIA provides firms 100% same year tax relief on qualifying capital expenditure, up to a fixed limit; and it responds to the needs of business, providing further upfront support for investment in 2021.

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