Paragraph 6

Section 7 of FA 2013 (temporary increase in annual investment allowance) is amended as follows.

In subsection (1), for “of two years beginning with 1 January 2013” substitute “ beginning with 1 January 2013 and ending with the specified date ”.

After subsection (1) insert—

“(1A)

The specified date is —

(a)

for the purposes of corporation tax, 31 March 2014, and

(b)

for the purposes of income tax, 5 April 2014.”

In subsection (2), omit “or 1 January 2015”.