Clause 164 - Extension of first-year allowances for ICT expenditure by small companies
Finance Bill
12:00 pm
Mr Jonathan Djanogly (Huntingdon, Conservative)
I want to reiterate my hon. Friend's first point. As a result of the late Budget statement, this measure was announced after the end of the financial year. An announcement before the end of March would have benefited companies. In the event, companies tried furiously to empty their budgets before April, when they should not have been put in that position. The Paymaster General should say whether she has any feedback from companies on the impact that the announcement may have had.