Shipping: Capital Allowances

Summary

To ask the Chancellor of the Exchequer, what discussions his Department has had with HMRC on the classification of long- and short-term vessels under the Capital Allowance scheme for commercial maritime vessels.

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Timeline

1. 11 June 2021

   Written question

   To ask the Chancellor of the Exchequer, what discussions his Department has had with HMRC on the classification of long- and short-term vessels under the Capital Allowance scheme for commercial maritime vessels.

   Source: Commons

2. 16 June 2021

   Answer

   Treasury officials are in regular contact with HMRC colleagues. HMRC do not classify which assets should be written down at the main or special rate of writing down allowances. Instead, businesses should identify whether an asset they have acquired has a ...

   Source: Written answer

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• · Treasury · Answering body

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