Define: Writing-Down Allowance

Business, Legal & Accounting Glossary

Definition: Writing-Down Allowance

What is the dictionary definition of Writing-Down Allowance?

Dictionary Definition

A writing-down allowance (WDA) is a capital allowance available to UK traders.

Any additions to plant and machinery are added to written-down value of assets acquired in any previous year, and the writing-down allowance is calculated as 18% of it’s total.

For certain long-life assets it may be calculated at 8% in a similar way.


Full Definition of Writing-Down Allowance

Writing Down Allowance is a type of capital allowance where the cost of assets acquired in the current year is added to the written down value of the assets acquired in the previous years. The allowance is calculated as a specified percentage of the total value.


Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Writing-Down Allowance. Payroll & Accounting Heaven Ltd. April 07, 2020
Chicago Manual of Style (CMS):
Writing-Down Allowance. Payroll & Accounting Heaven Ltd. (accessed: April 07, 2020).
American Psychological Association (APA):
Writing-Down Allowance. Retrieved April 07, 2020, from website:

Definition Sources

Definitions for Writing-Down Allowance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th August, 2019