The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
Energy-saving plant or machinery
CAA 2001, s 39
A repayable credit is available to companies, but not individuals, in certain circumstances (see below).
First year allowances (FYAs) for energy-saving plant or machinery will be abolished with effect from 1 April 2020 for corporation tax and 6 April 2020 for income tax.
FA 2019, s 33
Qualifying energy-saving plant / machinery
•meet the energy-saving criteria specified by Treasury Order for plant / machinery of that description
•the Energy Technology Product List
This Order came into
force on 22 March 2018 and included the following changes the addition of new sub technologies related to evaporative air coolers saturated steam to
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