# Finance Act 2014, Paragraph 7


(1) Schedule 1 to FA 2013 (annual investment allowance) is amended as follows.
(2) In paragraph 1 (chargeable periods which straddle 1 January 2013)—
(a) in sub-paragraph (1), after “that date” insert “ but not later than the specified date ”, and
(b) after sub-paragraph (1) insert—
“(1A) The specified date” means—
(a) for the purposes of corporation tax, 31 March 2014, and
(b) for the purposes of income tax, 5 April 2014.”
(3) Omit paragraph 4 (chargeable periods which straddle 1 January 2015).
(4) In paragraph 5 (operation of annual investment allowance where restrictions apply)—
(a) in sub-paragraph (1)—
(i) for “to 4” substitute “ to 3 ”, and
(ii) omit “or 4(1)”, and
(b) in sub-paragraph (2), omit “or 4(1)”,
(c) in sub-paragraph (3)(b), for “, 2014-15, 2015-16 or 2016-17” substitute “ or 2014-15 ”.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.