Structures and Buildings Allowance regulations laid

Our regular update of tax and customs-related developments in secondary legislation.

SIs laid in the past week

Capital Allowances (Structures and Buildings Allowances) Regulations 2019

Procedure: Draft affirmative. Laid date: 17 June 2019. Laying body: HM Treasury. Applicability: UK-wide.

Purpose of the instrument: This instrument introduces a new tax relief in the form of a capital allowance called the structures and buildings allowance. The structures and buildings allowance gives relief to businesses that are liable to income tax or corporation tax. The structures and buildings allowance will be available for qualifying expenditure incurred from 29 October 2018 on non-residential structures and buildings. (More in the Explanatory Memorandum.)

Select committee scrutiny

At its meeting on 19 June 2019 (report here) the Joint Committee on Statutory Instruments considered the following relevant instruments and did not require them to be reported to both Houses:

Instruments not subject to Parliamentary proceedings not laid before Parliament

S.I. 2019/104 Taxation (Cross-border Trade) Act 2018 (Appointed day No. 3) and the Value Added Tax (Postal Packets and Amendment) (EU Exit) Regulations 2018 (Appointed day) (EU Exit) Regulations 2019


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