Accelerated allowances for the provision of childcare services or fitness centre facilities

Finance Act 2018 introduced a new incentive for the provision of childcare services or fitness centre facilities to employees.

The incentive makes accelerated allowances available for capital expenditure incurred by employers on or after 1 January 2019, on the construction of such facilities and on childcare or fitness centre equipment.

A new Tax and Duty Manual Part 09-01-11 sets out details of the incentive.

28 February 2019