You have until 5pm on 1 July 2022 to respond to HM Treasury's invitation to comment on the potential reform of capital allowances. HM Treasury are keen to understand better the role of capital allowances for businesses when they make investment decisions and one aspect that features heavily in the consultation is the percentage at which allowances should be given (the greater the percentage: the faster the tax benefit). So I can imagine that many businesses would like one of the potential reforms which is to permanently increase the annual investment allowance to, say, £500,000.
Don't forget to have your say!
On 9 May 2022, HM Treasury issued an invitation to comment on potential reforms to the UK's capital allowances regime (reflected in a news story published the same day).