Consultation outcome

OTS Depreciation and Capital Allowances review call for evidence

This consultation has concluded

Detail of outcome

This consultation has concluded. Results can be found in the OTS’s report ‘Accounting depreciation or capital allowances? Simplifying tax relief for tangible fixed assets’.

Original consultation


OTS publishes a paper asking for evidence as part of its review on capital allowances and depreciation

This consultation ran from

Consultation description

Today, 3 October 2017, the OTS has published a paper calling for evidence as it starts its review on capital allowances and depreciation.

The project relates to tangible fixed assets only and will focus on whether the use of accounts depreciation to provide relief for capital expenditure instead of capital allowances would simplify the preparation of tax returns for incorporated and unincorporated business.

We know there is a lot to consider and we want to explore this with the help of all those who have a stake in this area.

We would be very interested in receiving input directly from businesses, and from representative groups and professional advisers, either in meetings or by way of written responses. We would like to have arranged such meetings or to have your written responses by 30 November 2017, so if you’d be interested in meeting with us please get in touch as soon as you can. We can be contacted here.


Published 3 October 2017
Last updated 6 August 2018 + show all updates
  1. Consultation outcome updated
  2. First published.