Clause 166 - First-year allowances for expenditure on environmentally beneficial plant or machinery
Finance Bill
6:15 pm
Mr Jonathan Djanogly (Huntingdon, Conservative)
It is a pleasant change to see the Government inducing companies to follow an environmental policy by way of carrot rather than by way of sticks such as the climate change levy. I fully support using capital allowances to encourage companies to make environmentally friendly investments. However, before we discuss the particulars of the schedule, I wish to note my concern that the clause does not provide for a right of appeal.