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.


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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.


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Writing-Down Allowance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 07, 2020 https://payrollheaven.com/define/writing-down-allowance/.
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Writing-Down Allowance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/writing-down-allowance/ (accessed: April 07, 2020).
American Psychological Association (APA):
Writing-Down Allowance. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/writing-down-allowance/

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