Article 7 SavingsF1

(1)

In relation to expenditure incurred on the hiring of a car—

(a)

for a period of hire which begins before the relevant date, and

(b)

under a contract entered into before that date,

section 49(1A) (car hire: supplementary) of the Income Tax (Trading and Other Income) Act 2005 and section 57(1A) (car hire: supplementary) of the Corporation Tax Act 2009 apply as if the amendment made by article 5 did not have effect.

(2)

“The relevant date” means—

(a)

in the case of income tax, 6th April 2018, and

(b)

in the case of corporation tax, 1st April 2018.

Annotations

Textual amendments

F1: Art. 7 inserted (3.8.2017) by The Capital Allowances Act 2001 (Cars Emissions) (Amendment) Order 2017 (S.I. 2017/740), arts. 1(1), 2(4)