Ninth Report - UK plc

Select Committee
Business and Trade Committee HC 1120 24 March 2023
Report Status Government responded
Conclusions & Recommendations 14 items (5 recs)
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Government Response (AI assessment · 14 of 14 classified)
Accepted 8
Acknowledged 4
Deferred 1
Not Addressed 1
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2 Conclusion Not Addressed
Para 18
We welcome the Chancellor’s announcement on full expensing for capital investment but highlight the short period of time that this policy is available for businesses. Many businesses will make much longer-term investment decisions which could benefit from making this change permanent, providing long-term investment stability.
Government Response Summary
The government discusses the R&D tax relief review and related changes, but does not address the committee's point about making full expensing for capital investment permanent to provide long-term investment stability.
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