Guidance

Full expensing

An introduction to full expensing and the UK's capital allowances regime

• From: HM Treasury
• Published: 15 March 2023
• Last updated: 30 January 2024 바카라 사이트� See all updates

Documents

Spring Budget 2023 바카라 사이트� Full expensing

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Terms of Reference: HMT-HMRC Capital Allowances and Leasing working group

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Autumn Statement 2023 바카라 사이트� Permanent full expensing 바카라 사이트� technical consultation

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Details

A new 100% first-year capital allowance for qualifying plant and machinery assets, and a 50% first-year allowance for qualifying special rate assets.

Published 15 March 2023

Last updated 30 January 2024 + show all updates

1. 30 January 2024

   Autumn Statement 2023 바카라 사이트� Permanent full expensing 바카라 사이트� technical consultation updated to reflect the government's announcement of the technical consultation at Autumn Statement 2023

2. 19 January 2024

   Sections 1 and 3 of the Terms of Reference: HMT-HMRC Capital Allowances and Leasing working group were updated in January 2024 to reflect the government바카라 사이트檚 announcement on this policy question at Autumn Statement 2023

3. 22 November 2023

   Autumn Statement 2023 - Permanent full expensing - technical consultation added

4. 29 June 2023

   HMT/HMRC Leasing Working Group Terms of Reference added

5. 15 March 2023

   First published.