United Kingdom · Question · Written question
UIN 11542
Capital Allowances
Introduced
1 June 2022
Last action
13 June 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
13 June 2022
Summary
To ask the Chancellor of the Exchequer, what estimate he has made of the cost to the Exchequer of the investment allowance announced in his Economy Update on 26 May 2022.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
1 June 2022
Written question
To ask the Chancellor of the Exchequer, what estimate he has made of the cost to the Exchequer of the investment allowance announced in his Economy Update on 26 May 2022.
Source: Commons
13 June 2022
Answer
The new Energy Profits Levy will raise around £5 billion over the next year. This figure factors in the investment allowance. The Government expects the combination of the Levy and the investment allowance to lead to an overall increase in investment. The...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-06-01/11542
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1467280
- uk · wq-1467280 · source updated 13 June 2022