Clause 7 - Temporary full expensing etc for expenditure on plant or machinery

Finance (No. 2) Bill – in the House of Commons at 3:30 pm on 20 June 2023.

Alert me about debates like this

Amendments made: 9, page 4, line 25, leave out from “that” to end of line 26 and insert

“has been the subject of that or any other first-year allowance or has been allocated to a pool for that or any other accounting period”

This amendment ensures that the rules for determining the amount of a balancing charge work as originally intended in all scenarios.

Amendment 10, page 5, line 8, leave out from “that” to end of line 9 and insert

“has been the subject of that or any other first-year allowance or has been allocated to a pool for that or any other accounting period”—(Victoria Atkins.)

This amendment ensures that the rules for determining the amount of a balancing charge work as originally intended in all scenarios.