Define: Writing-Down Allowance

UK Accounting Glossary

Definition: Writing-Down Allowance

Quick Summary of 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 FAQ's

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. July 17, 2019
Chicago Manual of Style (CMS):
Writing-Down Allowance. Payroll & Accounting Heaven Ltd. (accessed: July 17, 2019).
American Psychological Association (APA):
Writing-Down Allowance. Retrieved July 17, 2019, from website:

Definition Sources

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

  • Oxford Dictionary Of Economics
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th January 2019.