This Statutory Instrument has been made in consequence of a defect in SI 2016/926 and is being issued free of charge to all known recipients of that Statutory Instrument.
2016 No. 952
Income Tax
Corporation Tax

The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) (No. 2) Order 2016

Made
Laid before the House of Commons
Coming into force
The Treasury make the following Order in exercise of the powers conferred by sections 45H(3) to (5) of the Capital Allowances Act 20011:

Citation, commencement and effect

1.

(1)

This Order may be cited as the Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) (No. 2) Order 2016 and comes into force on 5th October 2016.

(2)

Article 3 has effect on and from 6th October 2016.

Amendment of the Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003

2.

The Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 20032 is amended as follows.

3.

In article 2 (interpretation) in the definitions of “Water Technology Criteria List” and “Water Technology Product List”—

(a)

for “28th June 2015” substitute “June 2016” in both places; and

(b)

for “7th July 2015” substitute “6 July 2016” in both places.

Revocation of the Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2016

4.

The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 20163 is revoked.
Stephen Barclay
Andrew Griffiths
Two of the Lords Commissioners for Her Majesty’s Treasury
EXPLANATORY NOTE
(This note is not part of the Order)

The Order amends the Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003 (S.I. 2003/2076) (the “Principal Order”). The Principal Order provided for 100% first-year allowances for environmentally beneficial plant and machinery (as defined by section 45H of the Capital Allowances Act 2001 (c. 2)).

Section 45H enables the Treasury to specify qualifying plant and machinery by order by reference to a description or criteria given by the Secretary of State in a technology or product list. The Secretary of State for the Environment, Food and Rural Affairs has issued the Water Technology Criteria List and Water Technology Product List. These lists have been revised and replaced by new lists dated June 2016, issued on 6 July 2016, which have effect from 6 October 2016.

Article 3 amends the definitions of the “Water Technology Criteria List” and the “Water Technology Product List” to refer to the new lists, which are available at https://www.gov.uk/government/publications/water-efficient-enhanced-capital-allowances.

Article 4 revokes the Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2016 (S.I. 2016/926) which contained an error at article 3(a).

A Tax Information and Impact Note covering this instrument will be published on https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.