Ahead of the end of the super-deduction next year the Government is considering reforms of the Capital Allowances legislation to further support business investment.
As set out in the Spring Statement a number of proposals were suggested to expand the legislation and Veritas, along with other businesses, advisors and trade associations were invited to submit a response to the consultation paper, including on the impact of the super-deduction, the effects of capital allowances with investment decisions and what more can be offered to support business investment.
The Spring Statement options were wide ranging and positive, with Veritas offering both alternative suggestions and providing industry insights into the benefits and cons of the Governments initial proposals with the outcome of the review expected to be published later this year in the autumn.