Hansard of 9 December reports that the Labour MP for Middlesbrough asked the following question:
“To ask the Chancellor of the Exchequer, what estimate he has made of the number of applications for (a) enhanced capital allowances, (b) Stamp Duty Land Tax relief and (c) employer National Insurance contributions relief that were processed in the tax sites of the Tees Freeport in each month since November 2021 to date.”
The response from the Financial Secretary to the Treasury was given as follows:
“Since November 2021, under the tax reliefs available at Teesside Freeport, HMRC has not received any claims for enhanced capital allowances and Stamp Duty Land Tax relief. It is normal for there to be a delay in the receipt of enhanced capital allowance claims because claims are made in the corporation tax return within one year from the end of the accounting period for which the claim relates, and there is scope for SDLT freeport claims to be made up to 30 September 2026.
With regards to Employer National Insurance contributions relief, HMRC do not routinely analyse take-up at an individual Freeport level, and so do not have the requested data readily available.”
Related content from Claritax Books
Capital Allowances, by Ray Chidell and Jake Iles, offers in-depth coverage of plant and machinery allowances, structures and buildings allowances, and all other UK capital allowances.
Full reference is made throughout to legislation, case law and HMRC guidance.