New Clause 10 — Review of reform to the annual investment allowance

Part of Bills Presented — Affordable Homes Bill – in the House of Commons at 3:30 pm on 2nd July 2014.

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Photo of David Gauke David Gauke The Exchequer Secretary 3:30 pm, 2nd July 2014

The point I was making is that it was this Government who introduced a corporate tax road map in 2010. That road map has provided a great deal of certainty to businesses and set out our plans for corporation tax. Given that we have been able to make progress with corporation tax rates in the current circumstances, although businesses feel uncertain about the challenges that lie ahead, including the referendum in Scotland and the possibility that an anti-business Government might be elected at the next general election, it would be helpful to have an annual investment allowance in place.