Statutory Instruments
2001 No. 810
INCOME TAX
The Capital Allowances (Corresponding Northern Ireland Grants) Order 2001
Made
7th March 2001
Laid before the House of Commons
8th March 2001
Coming into force
1st April 2001
1. This Order may be cited as the Capital Allowances (Corresponding Northern Ireland Grants) Order 2001 and shall come into force on 1st April 2001.
2. The following grants, so far as they are made towards capital expenditure, are hereby declared to correspond to a grant made under Part II of the Industrial Development Act 1982( 3 )—
(a) any grant made under Part III of the Industrial Development (Northern Ireland) Order 1982( 4 ), being a grant at a rate not exceeding 45 per cent. of the expenditure and being a grant made under an agreement entered into before 1st April 2003,
(b) any grant made by the Local Enterprise Development Unit out of moneys granted under article 30 of the Industrial Development (Northern Ireland) Order 1982, being a grant at a rate not exceeding 45 per cent. of the expenditure and being a grant made under an agreement entered into before 1st April 2003,
(c) so much of any grant so made at a higher rate as is equal to 45 per cent. of the expenditure.
Jim Dowd
Greg Pope
Two of the Lords Commissioners of Her Majesty’s Treasury
7th March 2001
1990 c. 1 ; section 153 was amended by section 46(3)(a) of, and paragraph 4 of Schedule 7 to, the Finance Act 1998 (c. 36) .
1982 c. 52 ; a new Part II was substituted by section 5(1) of, and Part I of Schedule 1 to, the Co-operative Development Agency and Industrial Development Act 1984 (c. 57) .
S.I. 1982/1083 (N.I. 15) , to which there are amendments not relevant to this Order.