UK HM Treasury has published the Explanatory Notes and Tax Information and Impact Notes for government amendments and new clauses at the Report Stage of the Finance Bill 2021. These are summarized as follows:
Amendment 2 to Clause 9: Super-deductions and other temporary first-year allowances
This amendment inserts a new subsection (8A) into Clause 9 of the Finance Bill, which ensures that property lessors are not prohibited by the general exclusion on plant and machinery for leasing from …