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The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2010

S.I. 2010/2483 · Made 11 October 2010

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Income Tax

Corporation Tax

Made 11th October 2010

Laid before the House of Commons 13th October 2010

Coming into force 8th November 2010

The Treasury make the following Order in exercise of the powers conferred by section 45H(3) to (5) of the Capital Allowances Act 2001f1.

Annotations to the whole text

Footnotes

f1

2001 c. 2; section 45H was inserted by paragraphs 1 and 3 of Schedule 30 to the Finance Act 2003 (c. 14).

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2010 and comes into force on 8 November 2010.

2Amendment of the Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003

(1)

The Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003f1 is amended as follows.

(2)

In article 2 (interpretation) in the definitions of “Water Technology Criteria List” and “Water Technology Product List”

(a)

for “27th June 2009” substitute “13 September 2010”; and

(b)

for “7th July 2009” substitute “28 September 2010”.

Signature

Michael Fabricant

Angela Watkinson

Two of the Lords Commissioners of Her Majesty’s Treasury

11th October 2010

Explanatory note

(This note is not part of the Order)

This Order amends the Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003 (S.I. 2003/2076; the “principal Order”). That Order implemented legislation to introduce a scheme for 100% first-year allowances to encourage businesses to invest in environmentally beneficial plant and machinery (as defined by section 45H of the Capital Allowances Act 2001).

Section 45H enables the Treasury to specify qualifying plant and machinery by Order by reference to a description or criteria given by the Secretary of State in a technology or product list. The Secretary of State for the Environment, Food and Rural Affairs has issued the Water Technology Criteria List and the Water Technology Product List. These lists have been revised and replaced by new lists issued on 28th September 2010. This Order amends the principal Order to reflect the new lists.

The Water Technology Criteria List and the Water Technology Product List are available at www.eca-water.gov.uk.

A full and final Impact Assessment has not been produced for this instrument as a negligible impact on the private or voluntary sectors is foreseen.