33 First-year allowances and first-year tax credits
Finance Act 2019 (2019 c 1) | Legislation

33  First-year allowances and first-year tax credits

(1)     In Part 2 of CAA 2001 (plant and machinery allowances), the following provisions are repealed—

(a)     sections 45A to 45C (energy-saving plant or machinery),

(b)     sections 45H to 45J (environmentally beneficial plant or machinery), and

(c)     section 262A and Schedule A1 (first-year tax credits).

(2)     In consequence of subsection (1)—

(a)     in TMA 1970, in the second column of the Table in section 98, in the entry relating to requirements imposed by provisions of CAA 2001, omit “45B(5) and (6),” and “, 45I(5) and (6)”,

(b)     in CAA 2001—

(i)     in section 2(3), for “262A” substitute “262”,

(ii)

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