Pillar 3 and Plant and machinery allowances: Difference between pages

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''Banking - regulation''
''UK tax.''  


(P3).
(PMAs).  


Pillar 3 is the element of banking supervision which engages with 'market discipline'.
An annual tax allowance given to a business in respect of capital allowances for its qualifying capital expenditure on machinery and similar qualifying items.


PMAs are an example of Writing down allowances.


Banks are required to make enhanced qualitative and quantitative disclosures of how they calculate their regulatory capital ratios, and to provide reconciliations to their reported accounting information.


The idea is that those following better practice will enjoy lower-cost funding from the market, thereby encouraging best practice over time, via the market mechanism.
== See also ==
* [[General pool]]
* [[Plant]]
* [[Short life asset]]
* [[Writing down allowance]]


 
[[Category:Accounting,_tax_and_regulation]]
== See also ==
* [[Bank supervision]]
* [[Basel III]]
* [[Capital adequacy]]
* [[EDTF]]
* [[Market mechanism]]
* [[Pillar 1]]
* [[Pillar 2]]

Revision as of 08:57, 3 March 2022

UK tax.

(PMAs).

An annual tax allowance given to a business in respect of capital allowances for its qualifying capital expenditure on machinery and similar qualifying items.

PMAs are an example of Writing down allowances.


See also

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