Statutory Instruments
2015 No. 2047
Corporation Tax
The Capital Allowances (Designated Assisted Areas) Order 2015
Made
16th December 2015
Laid before the House of Commons
17th December 2015
Coming into force
7th January 2016
The Treasury make the following Order in exercise of the powers conferred by section 45K(2)(a), (3) and (4) of the Capital Allowances Act 2001( 1 ).
Citation, commencement, effect and interpretation
1. —(1) This Order may be cited as the Capital Allowances (Designated Assisted Areas) Order 2015.
(2) This Order comes into force on 7th January 2016.
(3) An area designated by virtue of Schedule 1 to this Order is to be treated as having been designated on 1st April 2012.
(4) An area designated by virtue of Schedule 2 to this Order is to be treated as having been designated on 1st April 2015.
(5) In this Order “CAA 2001” means the Capital Allowances Act 2001.
Designation of areas
2. —(1) The area shown enclosed by a red line on the map of a scale of 1:1250 included in the schedule to each memorandum of understanding described in paragraph (2) are designated as designated assisted areas for the purposes of section 45K of CAA 2001 (expenditure on plant and machinery for use in designated assisted areas).
(2) In paragraph (1) references to a “memorandum of understanding” are to a memorandum of understanding entered into for the purposes of section 45K of CAA 2001 by the Treasury with the responsible authority listed in column 1 of the tables in Schedule 1 or Schedule 2 to this Order on the date listed in column 2 of those tables.
(3) Each memorandum of understanding referred to in paragraph (2) is kept at the offices of HM Treasury at 1 Horse Guards Road, London SW1A 2HQ, where they (or a copy of them) may be inspected by members of the public at reasonable hours without charge.
David Evennett
Mel Stride
Two of the Lords Commissioners of Her Majesty’s Treasury
16th December 2015
Articles 1(3) and 2(2)
SCHEDULE 1
Table 1
| Name of responsible authority | Date of memorandum of understanding | Area included in the map | Enterprise Zone within which area falls | Assisted area within which area falls |
|---|---|---|---|---|
| Redcar and Cleveland Borough Council | 16th July 2013 | South Bank Wharf site | Tees Valley Enterprise Zone | North East |
| Redcar and Cleveland Borough Council | 16th July 2013 | Wilton site | Tees Valley Enterprise Zone | North East |
| Wirral Metropolitan Borough Council | 9th March 2015 | Wirral Waters site | Mersey Waters Enterprise Zone | North West |
| Walsall Metropolitan Borough Council | 2nd March 2015 | George Dyke site | Black Country Enterprise Zone | West Midlands |
| Walsall Metropolitan Borough Council | 2nd March 2015 | Gasholder site | Black Country Enterprise Zone | West Midlands |
| Walsall Metropolitan Borough Council | 2nd March 2015 | Phoenix 10 site | Black Country Enterprise Zone | West Midlands |
Articles 1(4) and 2(2)
SCHEDULE 2
Table 2
| Name of responsible authority | Date of memorandum of understanding | Area included in the map | Enterprise Zone within which area falls | Assisted area within which area falls |
|---|---|---|---|---|
| Redcar and Cleveland Borough Council | 16th June 2015 | Prairie site | Tees Valley Enterprise Zone | North East |
2001 c. 2 ; section 45K was inserted by paragraph 3 of Schedule 11 to the Finance Act 2012 (c. 14) and amended by sections 64(1) and (5) and paragraphs 1 and 3 of Schedule 13 to Finance Act 2014.