Part 1Income tax and corporation tax
Chapter 1Reliefs for businesses etc
Capital allowances for companies
1Permanent full expensing etc for expenditure on plant or machinery
1
In section 7 of F(No.2)A 2023 (temporary full expensing etc for expenditure on plant or machinery), in subsection (3), in the inserted section 45S of CAA 2001, in paragraph (a), omit “but before 1 April 2026”.
2
In consequence of the provision made by subsection (1)—
a
the amendments made by subsections (2) to (6) of section 7 of F(No.2)A 2023 are instead to operate as textual amendments of Part 2 of CAA 2001, and
b
accordingly, in subsection (1) of that section, for the words from “has effect” to the end substitute “is amended as follows”
, and, in the italic heading inserted by subsection (6) of that section, omit “temporary”.