Written Question·Treasury·UIN 103503
Corporation Tax: Tax Allowances
Tabled: 6 January 2026
Answered: 14 January 2026
Question
Mr Andrew Snowden
Conservative — Fylde
To ask the Chancellor of the Exchequer, what metrics her Department will use to evaluate the success of the new first-year allowance in stimulating growth and productivity.
Answer
Dan TomlinsonThe government has introduced a new 40% first-year allowance (FYA) from 1 January 2026. This is a permanent new feature of the capital allowance regime. This new FYA will allow businesses to deduct much of the cost of their investment in the year they mak...
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