Capital Allowances Act 2001 (c. 2)

Schedules

Schedule 2 Consequential amendments

The Finance Act 1998 (c. 36)

Section 117 (company tax returns, assessments and related matters)

100 (1) In subsection (1), at the end of paragraph (b), insert “and”.

(2) For subsection (1)(d) and the word “and” before it substitute—

“and also make provision in relation to claims for allowances under the Capital Allowances Act.”

Section 118 (claims for income tax purposes)

101 In subsection (5)(b), for “the Capital Allowances Act 1990” substitute “the Capital Allowances Act”.

Schedule 6 (adjustment on change of accounting basis)

102 In paragraph 4(4), for “the Capital Allowances Act 1990” substitute “the Capital Allowances Act”.

Schedule 18 (company tax returns, assessments and related matters)

103 (1) For paragraph 78 (application of Part IX of the Schedule) substitute—

“78 This Part of this Schedule applies to claims for allowances under the Capital Allowances Act which—

(a) are made for corporation tax purposes, and

(b) are required under section 3 of that Act to be included in a tax return.”

(2) For paragraph 79(1) (claim to be included in company tax return) substitute—

“79 (1) A claim for capital allowances must be included in the claimant company’s company tax return for the accounting period for which the claim is made.”