First-year Allowances

HC Deb 12 March 1984 vol 56 cc58-9W

Mr. Hirst

asked the Chancellor of the Exchequer what is the practice of the Inland Revenue as to the period in which first-year allowances may be claimed where the qualifying expenditure was incurred on or prior to the end of an accounting period, but, by reason of credit terms, payment does not have to made until the subsequent accounting period.

Mr. Moore

I shall let my hon. Friend have a reply as soon as possible.