Clause 165 - Expenditure on software for sub-licensing
Finance Bill
6:15 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
The clause prevents software qualifying for first-year allowances when it is acquired with a view to sub-leasing. The Paymaster General may be aware that some concerns have been expressed that the clause could prejudice companies engaged in school private finance initiative contracts. Such companies may well incur capital expenditure on software with a view to the software being used by the school or its pupils. I am sure that that is not intended. Perhaps we could be assured that that will not be an unintended by-product of the clause.