Finance (No. 2) Act 2017

Amendments relating to capital allowances U.K.

22 U.K. CAA 2001 is amended in accordance with paragraphs 23 and 24.

23 (1) Section 6A (“NIRE company” and “Northern Ireland SME company”) is amended as follows. U.K.

(2) In the heading, for “Northern Ireland SME company” substitute “ SME (Northern Ireland employer) company ”.

(3) In the definition of “NIRE company”, after “by virtue of” insert “ the SME (election) condition or ”.

(4) For “Northern Ireland SME company” substitute “ SME (Northern Ireland employer) company ”.

(5) For “SME condition” substitute “ SME (Northern Ireland employer) condition ”.

24 U.K. In the following provisions, for “a Northern Ireland SME company” substitute “ an SME (Northern Ireland employer) company ”

(a) section 6C(1)(a) and (c);

(b) section 6D(1);

(c) section 6E(1);

(d) section 61(4B)(a);

(e) section 66B(1)(a), (b) and (c);

(f) section 66C(b);

(g) section 66D(1)(a) and (b);

(h) section 66E(b);

(i) section 212ZE(b);

(j) Schedule 1.

25 U.K. In CT(NI)A 2015, in Schedule 1, in Part 6 (capital allowances: transitional provision), in paragraphs 20(1)(a) and 21(1)(a), for “a Northern Ireland SME company” substitute “ an SME (Northern Ireland employer) company ”.