2020 No. 260
Corporation Tax
The Capital Allowances Act 2001 (Amendment of Section 45K) Order 2020
Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the power conferred by section 45K(1A) of the Capital Allowances Act 20011, make the following Order.
Citation and commencement1
This Order may be cited as the Capital Allowances Act 2001 (Amendment of Section 45K) Order 2020 and comes into force on 1st April 2020.
Amendment of section 45K of the Capital Allowances Act 20012
1
Section 45K of the Capital Allowances Act 2001 (expenditure on plant and machinery for use in designated assisted areas) is amended as follows.
2
In subsection (1)(b)–
a
omit “of 8 years”, and
b
at the end insert “and ending with whichever is the later of the day immediately before the eighth anniversary of that date or 31st March 2021”.
Iain StewartDavid RutleyTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE
(This note is not part of the Order)