Schedule 17 - Capital allowances: energy-saving plant and machinery
Finance Bill
12:00 pm
Mr Richard Ottaway (Croydon South, Conservative)
We welcome the introduction of energy-saving plant and machinery, because it is a sensible and environmentally acceptable idea. We support the Government's objectives, but I want to quiz the Minister on three points.
First, several factors trigger permission to receive an allowance for an energy-saving plant. The first factor is that the plant must be of a description specified by Treasury order. On the face of it, that seems reasonable, but no one has any idea what such an order might describe as energy-saving or efficient equipment. We are aware that it may be made by reference to a technology list issued by the Secretary of State. Will the Minister give me guidance on that?