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Finance Act 2014

Details of the Section

3.This section amends the following sections of the Capital Allowances Act 2001 (CAA):

  • Section 45D - expenditure on cars with low carbon dioxide emissions.

  • Section 45DA - expenditure on zero-emission goods vehicles.

  • Section 45E - expenditure on plant or machinery for gas refuelling station.

  • Section 45K - expenditure on plant and machinery for used in designated assisted areas.

4.In each case a new subsection (1A) is added, permitting the Treasury to extend the duration of the schemes by way of Treasury Order.

5.It also amends section 45K(1)(b) CAA by substituting “8 years” for “5 years” extending the duration of the scheme for enterprise zones to 31 March 2020.

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