Schedules

Schedule 3 Transitionals and savings

Part 4 Plant and machinery allowances

Additional VAT liabilities and rebates

Expenditure which is not first-year qualifying expenditure

50

For the purposes of section 236(1)(a)—

(a)

section 40 (expenditure for Northern Ireland purposes by small or medium-sized enterprises) does not apply if the expenditure was incurred before 12th May 1998;

(b)

section 44 (expenditure by small or medium-sized enterprises) does not apply if the expenditure was incurred before 2nd July 1998;

(c)

section 45 (ICT expenditure by small enterprises) does not apply if the expenditure was incurred before 1st April 2000.