# The Business Premises Renovation Allowances (Amendment) Regulations 2014, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Business Premises Renovation Allowances Regulations 2007 (S.I. 2007/945) (the “Principal Regulations”).
Regulation 1 deals with citation and commencement and regulation 2 introduces the amendments.
Regulation 3 inserts the definition of the General Block Exemption Regulation.
Regulation 4, as a consequence of the Assisted Areas Order 2014 (S.I. 2014/1508), amends regulation 3 of the Principal Regulations in order to designate areas specified as development areas by the Assisted Areas Order 2014 as disadvantaged areas for the purposes of section 360C of the Capital Allowances Act 2001.
Regulation 5 amends the definition of “relevant trade” in regulation 4 of the Principal Regulations by referring to specific trade sectors. The trade sectors affected are those to which Commission Regulation (EU) No 651/2014 (declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty on the Functioning of the European Union) does not apply (or applies only in specific circumstances).
Regulation 6 amends the definition of “single project investment expenditure” in line with Article 14(13) of the Commission Regulation.
A Tax Information and Impact Note covering this Instrument was published on 26 June 2014 and is available on the following website: https://www.gov.uk/government/publications/finance-bill-2014-report-stage.

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Source: https://www.legislation.gov.uk/uksi/2014/1687/note (the official version)
Page: https://openlegislation.uk/business-premises-renovation-allowances-amendment-regulations-2014/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.