Capital Allowances: Impact Assessments
(asked on 12th April 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has conducted a regional economic impact assessment by NUTS-1 region of the capital allowance super-deduction.
This question was answered on 15th April 2021
Conducting a regional economic impact assessment by NUTS-1 region for the super-deduction is not feasible as the data available would be inadequate for such an assessment. HMRC’s corporation tax outturns data reflects the geographic locations where companies are registered; rather than where the assets on which capital allowances are claimed are located. In addition, the ONS does not collect regional breakdowns of business investment.