Technology: Capital Allowances

(asked on 20th April 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to page 36 of his Department's paper, Budget 2016: Policy Costings, published in March 2016, what the source is of the £5 million increase in revenues from updating technologies with access to enhanced capital allowance for 2017-18 to 2020-21.


Answered by
Greg Hands Portrait
Greg Hands
This question was answered on 27th April 2016

The £5 million in revenue is based upon changes to qualifying equipment in the updated Energy Technology List and Water Technology List, as certified by the Office for Budget Responsibility.

The Department for Energy and Climate Change and the Department for Environment, Food & Rural Affairs annually review the technologies and products that qualify for inclusion.

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