SCHEDULES

SCHEDULE 2Annual investment allowance: transitional provisions etc

PART 2Amendments of FA 2013

6(1)Section 7 of FA 2013 (temporary increase in annual investment allowance) is amended as follows.

(2)In subsection (1), for “of two years beginning with 1 January 2013” substitute “beginning with 1 January 2013 and ending with the specified date”.

(3)After subsection (1) insert—

(1A)The specified date is —

(a)for the purposes of corporation tax, 31 March 2014, and

(b)for the purposes of income tax, 5 April 2014.

(4)In subsection (2), omit “or 1 January 2015”.