(asked on )
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans he has to reform the Business Premises Renovation Allowance following HM Revenue and Customs' recent consultation.
This question was answered on 29th April 2014
The Government has introduced legislation in Finance Bill 2014 to clarify the scope of Business Premises Renovation Allowance. The aim is to address exploitation of the allowance, whilst preserving it as an investment incentive and ensuring continued value for money for tax payers.