Statutory Instruments
2016 No. 984
Corporation Tax
Income Tax
The Capital Allowances Act 2001 (Cars Emissions) Order 2016
Made
10th October 2016
Laid before the House of Commons
11th October 2016
Coming into force
1st November 2016
The Treasury make the following Order in exercise of the powers conferred by sections 45D(1A) and (7) and 104AA(5) of the Capital Allowances Act 2001( 1 ).
Citation and commencement
1. This Order may be cited as the Capital Allowances Act 2001 (Cars Emissions) Order 2016 and comes into force on 1st November 2016.
2. The amendments made by article 4(b) and article 5 have effect in relation to expenditure incurred on or after 1st April 2018.
Amendment of the Capital Allowances Act 2001
3. The Capital Allowances Act 2001 is amended as follows.
4. In section 45D—
(a) in subsection (1)(a)( 2 ) for “2018” substitute “2021”; and
(b) in subsection (4)( 3 ) for “75” substitute “50”.
5. In section 104AA(4)( 4 ) for “130” substitute “110”.
Revocation
6. Article 4(a) of the Capital Allowances Act 2001 (Extension of first-year allowances) (Amendment) Order 2015( 5 ) is revoked.
Stephen Barclay
David Evennett
Two of the Lords Commissioners for Her Majesty’s Treasury
10th October 2016
2001 c.2 ; section 45D was inserted by section 59 of, and paragraph 3 of Schedule 19 to, the Finance Act 2002 (c.23) ; section 45D(1A) was inserted by section 64(2) of the Finance Act 2014 (c.26) ; section 104AA was inserted by paragraph 8 of Schedule 11 to the Finance Act 2009 (c.10) .
Section 45D(1)(a) was amended by S.I. 2015/60 .
Section 45D(4) was amended by paragraph 14 of Schedule 11 to the Finance Act 2009 (c.10) and S.I. 2015/60 ; there are other amendments to section 45D not relevant to this Order.
Section 104AA(4) was amended by section 68(3) of the Finance Act 2013 (c.29) .