SCHEDULES

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

Part 2Restrictions on deductions for hire expenses

Commencement

65

For the purposes of this Part of this Schedule—

a

the first relevant date is—

i

for corporation tax purposes, 1 April 2009, and

ii

for income tax purposes, 6 April 2009, and

b

the second relevant date is—

i

for corporation tax purposes, 1 April 2010, and

ii

for income tax purposes, 6 April 2010, and

66

1

The amendments made by this Part of this Schedule have effect in relation to deductions for expenses incurred on the hiring of a car or motor cycle under an agreement under which the hire period begins on or after the first relevant date (but see paragraph 67).

2

For the purposes of this paragraph and paragraph 67, the hire period, in relation to an agreement, begins on the first day on which the car or motor cycle is required to be made available for use under the agreement.