Following the July 2007 consultation that closed on 19 October 2007, the HM Treasury have issued Business tax reform, capital allowance changes Technical Note (December 2005). This document summarizes the responses received in regard to the design of the annual investment allowance (AIA), the integral features classification, and the transitional arrangements for the move to the new rates and allowances; in regard to payable credits. The document also contains draft legislation, thereby marking the commencement of the technical stage of the consultation. The AIA will provide an annual 100% allowance for the first GBP 50,000 of investment in plant and...