To ask Mr Chancellor of the Exchequer, if he will list the fossil fuel extraction technologies that are eligible for 100 per cent first-year capital allowances.
Answered on
24 November 2017
There is no specific first-year capital allowance for fossil fuel extraction technologies. However, there are various first-year allowances available for investment in fuel-efficient technologies, including for low-carbon and zero-emissions vehicles.
Answered by
Treasury