2001 No. 810
INCOME TAX

The Capital Allowances (Corresponding Northern Ireland Grants) Order 2001

Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by section 153(1) of the Capital Allowances Act 19901 and paragraph 3(4) of Schedule 12 to the Northern Ireland Act 19982, hereby make the following Order:

1.

This Order may be cited as the Capital Allowances (Corresponding Northern Ireland Grants) Order 2001 and shall come into force on 1st April 2001.

2.

The following grants, so far as they are made towards capital expenditure, are hereby declared to correspond to a grant made under Part II of the Industrial Development Act 19823—

(a)

any grant made under Part III of the Industrial Development (Northern Ireland) Order 19824, being a grant at a rate not exceeding 45 per cent. of the expenditure and being a grant made under an agreement entered into before 1st April 2003,

(b)

any grant made by the Local Enterprise Development Unit out of moneys granted under article 30 of the Industrial Development (Northern Ireland) Order 1982, being a grant at a rate not exceeding 45 per cent. of the expenditure and being a grant made under an agreement entered into before 1st April 2003,

(c)

so much of any grant so made at a higher rate as is equal to 45 per cent. of the expenditure.

Jim Dowd
Greg Pope
Two of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Order)

This Order specifies certain grants made in Northern Ireland under the Industrial Development (Northern Ireland) Order 1982 as corresponding to grants made in Great Britain under Part II of the Industrial Development Act 1982 and is in succession to the Capital Allowances (Corresponding Northern Ireland Grants) Order 1999 (S.I. 1999/719), which applies to grants made under agreements entered into before 1st April 2001. The effect of the Order is that the amounts of the specified grants are not deducted from the recipient’s capital expenditure when his capital allowances are calculated. (Grants under Part II of the Industrial Development Act 1982 are not made in Great Britain after 31st March 1988 except where application for approval of the project was received by the Secretary of State on or before 31st March 1988, see section 1 of the Regional Development Grants (Termination) Act 1988 (c. 11).)