Consultation outcome
Business Premises Renovation Allowances (BPRA) consultation
Read the full outcome
Detail of outcome
This document summarises the comments received, and sets out the Government鈥檚 response and next steps.
Original consultation
Consultation description
On 18 July, following a written statement by the Exchequer Secretary to the Treasury, David Gauke, HM Revenue & Customs (HMRC) published a Technical Note inviting comments from interested parties 鈥渙n possible ways in which the policy purpose underlying Business Premises Renovation Allowance (BPRA) might be made clearer in the relevant legislation, so that the scheme may be made simpler and more certain in its application, at the same time reducing the risks of exploitation鈥�.
The Technical Note contained proposals to:
- limit 鈥榪ualifying expenditure鈥� to actual works and directly associated services and restrict the relief available for project management fees
- prevent tax relief being available unless the building has been unused for a year at the time the expenditure is incurred
- prevent abuse brought about by 鈥減re-paying鈥� and claiming upfront tax relief on works not carried out for some time, if ever
- introduce a targeted anti-avoidance rule (TAAR)
The Technical Note invited interested parties to respond to these proposals by 30 September 2013.
Updates to this page
Published 18 July 2013