Search Legislation

Finance Act 2019

 Help about what version

What Version

 Help about advanced features

Advanced Features

Changes over time for: Section 33

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 2019, Section 33. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

33First-year allowances and first-year tax creditsU.K.

(1)In Part 2 of CAA 2001 (plant and machinery allowances), the following provisions are repealed—

(a)sections 45A to 45C (energy-saving plant or machinery),

(b)sections 45H to 45J (environmentally beneficial plant or machinery), and

(c)section 262A and Schedule A1 (first-year tax credits).

(2)In consequence of subsection (1)—

(a)in TMA 1970, in the second column of the Table in section 98, in the entry relating to requirements imposed by provisions of CAA 2001, omit “45B(5) and (6),” and “, 45I(5) and (6)”,

(b)in CAA 2001—

(i)in section 2(3), for “262A” substitute “ 262 ”,

(ii)in section 3—

(a)in subsection (1), omit “, and no first-year tax credit is to be paid under Schedule A1,”, and

(b)omit subsection (2B),

(iii)in the list in section 39, omit—

(a)the entry relating to section 45A, and

(b)the entry relating to section 45H,

(iv)in section 46—

(a)in the list in subsection (1), omit the entry relating to section 45A and the entry relating to section 45H, and

(b)omit subsections (5) and (6), and

(v)in the table in section 52(3), omit—

(a)the entry relating to expenditure qualifying under section 45A, and

(b)the entry relating to expenditure qualifying under section 45H, and

(c)the following provisions are repealed—

(i)in FA 2001, section 65 and Schedule 17,

(ii)in FA 2003, paragraphs 2(c), 3, 4(1)(c) and (2) and 5 to 7 of Schedule 30,

(iii)in FA 2006, paragraph 11 of Schedule 9,

(iv)in FA 2008, section 79 and Schedule 25,

(v)in CTA 2009, paragraph 521 of Schedule 1,

(vi)in CTA 2010, paragraph 364 of Schedule 1,

(vii)in FA 2011, paragraph 12(16) of Schedule 14,

(viii)in the Welfare Reform Act 2012—

(a)paragraph 14 of Schedule 3, and

(b)in the table in Part 1 of Schedule 14, the entry relating to CAA 2001,

(ix)in FA 2012—

(a)section 45(2) and (3), and

(b)paragraph 106 of Schedule 16,

(x)in FA 2013—

(a)section 67,

(b)section 68(2), and

(c)paragraph 6 of Schedule 18,

(xi)in FA 2014, paragraph 7 of Schedule 4,

(xii)in FA 2016, paragraph 7 of Schedule 8,

(xiii)in F(No.2)A 2017—

(a)paragraph 126 of Schedule 4, and

(b)paragraph 7 of Schedule 6, and

(xiv)in FA 2018, section 29.

(3)The following orders were made under powers contained in provisions repealed by subsection (1) and are therefore revoked—

(a)the Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003 (S.I. 2003/2076), and

(b)any instrument amending that order.

(4)The Capital Allowances (Energy-saving Plant and Machinery) Order 2018 (S.I. 2018/268) is revoked.

(5)The amendments made by this section have effect in relation to expenditure incurred on or after—

(a)for corporation tax purposes, 1 April 2020, and

(b)for income tax purposes, 6 April 2020.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources