Skip to main content

Capital Allowances: Enterprise Zones

Volume 475: debated on Wednesday 14 May 2008

To ask the Chancellor of the Exchequer pursuant to the answer of 21 April 2008, Official Report, column 1668W, on capital allowances: enterprise zones, what the estimated cost is of the enterprise zone allowances to the Exchequer in 2008-09; and what estimate his Department has made of the increase in tax receipts in the first full year that the allowances are withdrawn. (204884)

The estimated annual cost of the special industrial buildings allowances for enterprise zones is published in the tax ready reckoner produced by HMRC each year. This is available at:

The revenue yield in the first year after abolition (2011-12) is expected to be £15 million, followed by £50 million in 2012-13.