Structures and buildings allowances: review

Finance Bill – in a Public Bill Committee at 3:45 pm on 18th June 2020.

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“(1) The Chancellor of the Exchequer must review the impact on investment in parts of the United Kingdom and regions of England of the changes made by section 29 and Schedule 4 of this Act and lay a report of that review before the House of Commons within six months of the passing of this Act.

(2) A review under this section must consider the effects of the provisions on—

(a) business investment,

(b) employment,

(c) productivity, and

(d) energy efficiency.

(3) In this section—

‘parts of the United Kingdom’ means—

(a) England,

(b) Scotland,

(c) Wales, and

(d) Northern Ireland;

‘regions of England’ has the same meaning as that used by the Office for National Statistics.”—

This new clause would require a review of the impact on investment of the changes made to structures and buildings allowances in Schedule 4.

Brought up, and read the First time.

Question put, That the clause be read a Second time.

Question negatived.