HC Deb 28 July 1998 vol 317 c209W
Mr. David Atkinson

To ask the Chancellor of the Exchequer if he will introduce tax incentives for the works required by businesses to ensure the millennium compliance of their computer systems; and if he will make a statement. [51811]

Mrs. Liddell

Most expenditure of this kind incurred by businesses is already likely to attract tax relief under current rules. Normally a business will be able to deduct such expenditure in full in calculating trading profits except where the expenditure is capital in nature in which case it qualifies for capital allowances.