asked the Minister for Finance the estimate for 1989 of the cost to the Exchequer of (a) accelerated capital allowances, (b) stock relief and (c) any other capital allowances.
Written Answers. - Exchequer Costs.
101.
The following table sets out the information requested for the most recent year for which it is available.
|
Allowance or relief |
Estimated cost to the Exchequer |
|
£million |
|
|
Accelerated capital allowances(1) |
162.0 (1987-88) |
|
Stock relief(2) |
0.9 (1989) |
|
Other capital allowances(1) |
114.0 (1987-88) |
These estimates are very tentative and are subject to a wide margin of error.
1 Capital allowances: The figures shown relate to the cost of the relief granted to companies and self-employed individuals. The cost included for companies is by reference to accounting periods ending in the year ended 5 April, 1987.
2 Stock relief: Stock relief was not renewed in 1986 for any sector other than farming.