SCHEDULES

SCHEDULE 11Tax relief for business expenditure on cars and motor cycles

Part 1Capital allowances

Consequential amendments of CAA 2001

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1

Section 45D (expenditure on cars with low carbon dioxide emissions) is amended as follows.

2

In subsection (1), for paragraph (c) substitute—

c

the car—

i

is electrically-propelled, or

ii

has low CO2 emissions, and

3

In subsection (2), for “a car with low CO2 emissions is a car which” substitute “ a car has low CO2 emissions if it ”.

4

In subsection (3), for the words from “an EC certificate” to the end substitute “ a qualifying emissions certificate. ”

5

In subsection (4), for “in the case of” substitute “ in relation to ”.

6

Omit subsections (5) and (6).

7

In subsection (8)—

a

after “car” insert “ is to a car within the meaning of section 268A, except that it ”, and

b

omit paragraph (b) (and the “but” before it).

8

Omit subsections (9) and (10).

9

After subsection (10) insert—

11

In this section—

  • “applicable CO2 emissions figure” and “qualifying emissions certificate” have the meanings given in section 268C;

  • “electrically-propelled” has the meaning given in section 268B.