2017 No. 740
The Capital Allowances Act 2001 (Cars Emissions) (Amendment) Order 2017
Made
Laid before the House of Commons
Coming into force
The Treasury make the following Order in exercise of the powers conferred by sections 104AA(5) and (6) of the Capital Allowances Act 20011.
Citation and commencement1
1
This Order may be cited as the Capital Allowances Act 2001 (Cars Emissions) (Amendment) Order 2017 and comes into force on 3rd August 2017.
Amendment of the Capital Allowances Act 2001 (Cars Emissions) Order 20162
1
The Capital Allowances Act 2001 (Cars Emissions) Order 20162 is amended as follows.
2
Article 2 is renumbered as paragraph (1) of that article.
3
After paragraph (1) as so renumbered, insert—
2
This article is subject to article 7 (savings).
4
After article 6, insert—
Savings7
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 20053 and section 57(1A) (car hire: supplementary) of the Corporation Tax Act 20094 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.
(This note is not part of the Order)