Schedule 30 - First-year allowances for expenditure on environmentally beneficial plant or machinery
Finance Bill
6:45 pm
Mr Michael Jack (Fylde, Conservative)
I am grateful for the Economic Secretary's attempt to clarify, but I come back to the point that I made. Could he deal with the prototype situation? If a prototype of a state-of-the-art piece of equipment that qualifies for the allowance has been in use for six months as part of a trial experiment, it cannot be determined as new. How is such a piece of equipment dealt with under the clause?