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




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Writing-Down Allowance. PayrollHeaven.com. Retrieved July 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/writing-down-allowance/

Definition Sources


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

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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