The Capital Allowances Act 2001 (Cars Emissions) Order 2016

• Citation: S.I. 2016/984
• Sections: 7

Section 1 Citation and commencement

This Order may be cited as the Capital Allowances Act 2001 (Cars Emissions) Order 2016 and comes into force on 1st November 2016.

Section 2

(1) The amendments made by article 4(b) and article 5 have effect in relation to expenditure incurred on or after 1st April 2018.

(2) This article is subject to article 7 (savings).

Section 3 Amendment of the Capital Allowances Act 2001

The Capital Allowances Act 2001 is amended as follows.

Section 4

In section 45D—

(a) in subsection (1)(a) for “2018” substitute “2021”; and

(b) in subsection (4) for “75” substitute “50”.

Section 5

In section 104AA(4) for “130” substitute “110”.

Section 6 Revocation

Article 4(a) of the Capital Allowances Act 2001 (Extension of first-year allowances) (Amendment) Order 2015 is revoked.

Section 7 Savings

(1) In relation to expenditure incurred on the hiring of a car—

(a) for a period of hire which begins before the relevant date, and

(b) under a contract entered into before that date,

section 49(1A) (car hire: supplementary) of the Income Tax (Trading and Other Income) Act 2005 and section 57(1A) (car hire: supplementary) of the Corporation Tax Act 2009 apply as if the amendment made by article 5 did not have effect.

(2) “The relevant date” means—

(a) in the case of income tax, 6th April 2018, and

(b) in the case of corporation tax, 1st April 2018.