Part 2

Plant and machinery allowances
Chapter 4

First-year qualifying expenditure

Types of expenditure which may qualify for first-year allowances

Expenditure on plant or machinery for electric vehicle charging point
45EA
1
Expenditure is first-year qualifying expenditure if—
a
it is incurred in the relevant period,
b
it is expenditure on plant or machinery for an electric vehicle charging point where the plant or machinery is unused and not second-hand, and
c
it is not excluded by section 46 (general exclusions).
2
For the purposes of this section expenditure on plant or machinery for an electric vehicle charging point is expenditure on plant or machinery installed solely for the purpose of charging electric vehicles.
3
The “relevant period” is the period beginning with 23 November 2016 and ending with—
a
in the case of expenditure incurred by a person within the charge to corporation tax, 31 March
2026
, and
b
in the case of expenditure incurred by a person within the charge to income tax, 5 April
2026
.
4
The Treasury may by regulations amend subsection (3) so as to extend the relevant period.
5
In this section—
- “
electric vehicle
” means a road vehicle that can be propelled by electrical power (whether or not it can also be propelled by another kind of power);
- “
electric vehicle charging point
” means a facility for charging an electric vehicle.
Pt. 2 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 12 (with Sch. 10 para. 17(1)); S.I. 2003/120, art. 2, Sch. (with arts. 3 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 4 para. 4 ; S.I. 2004/2575 , art. 2(1) , Sch. 1
Pt. 2 modified (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 9(2), 21(2) (with s. 38(2)); S.I. 2004/2575, art. 2(1) , Sch. 1
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 10, 22 (with s. 38(2) ); S.I. 2004/2575 , art. 2(1) , Sch. 1
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 19
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 35
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 paras. 36, 37
Pt. 2 modified (21.7.2009) by Finance Act 2009 (c. 10), s. 24
Pt. 2 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 73(7)-(11) (with s. 73(6))
S. 45EA inserted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), s. 38(3)
Pt. 2 modified (10.6.2021) by Finance Act 2021 (c. 26), s. 9(1)(a)
Word in s. 45EA(3)(a) substituted (20.3.2025) by Finance Act 2025 (c. 8), s. 24
Word in s. 45EA(3)(b) substituted (20.3.2025) by Finance Act 2025 (c. 8), s. 24