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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order amends the Capital Allowances (Energy-saving Plant and Machinery) Order 2001 (S.I 2001/2541, as amended by S.I. 2002/1818, S.I. 2003/1744, S.I. 2004/2093, S.I. 2005/2424 and S.I. 2006/2233). That Order implemented legislation, inserted into the Capital Allowances Act 2001 (c.2) by paragraph 2 of Schedule 17 to the Finance Act 2001 (c.9), so as to introduce a scheme for 100% first-year allowances to encourage businesses to invest in energy-saving plant and machinery.

This Order substitutes new definitions of “the Energy Technology Criteria List” and “the Energy Technology Product List”.

A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.