SCHEDULES

SCHEDULE 24 U.K. Annual investment allowance

Part 1 U.K. Amendments of CAA 2001

12 (1) Section 241 (no first-year allowance in respect of additional VAT liability) is amended as follows. U.K.

(2) In subsection (1)(b), before “a first-year” insert “ an annual investment allowance or ”.

(3) In subsection (2), for “A first-year allowance is not” substitute “ No annual investment allowance or first-year allowance is ”.

(4) In subsection (3), after “Any” insert “ annual investment allowance or ”.

(5) In the heading, after “No” insert “ annual investment allowance or ”.