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

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

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

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

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