Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether investments in 3D printers qualify for full expensing as part of the capital allowances scheme announced in the Spring Budget 2023, HC1183.

Full expensing is available for qualifying expenditure on main rate plant or machinery incurred on or after 1 April 2023 but before 1 April 2026 subject to certain conditions. A 3D printer is a machine so it would be eligible for full expensing provided the other conditions are met. For example, the expenditure must be incurred by a company within the charge to corporation tax, the plant or machinery must be new, and must not be bought to lease to someone else. More details on the conditions for full expensing are available at the following link: https://www.gov.uk/government/publications/full-expensing.