Commentary

B3.324GA Electric vehicle charging points—first-year qualifying expenditure

Business tax
Business tax | Commentary

B3.324GA Electric vehicle charging points—first-year qualifying expenditure

Business tax | Commentary

B3.324GA Electric vehicle charging points—first-year qualifying expenditure

100% first-year allowances are available for expenditure incurred between 23 November 2016 and 5 April 2023 (income tax) and 23 November 2016 and 31 March 2023 (corporation tax) on equipment which is unused and not second-hand and installed solely for the purpose of charging electric vehicles1.

The expenditure must not be excluded by any of the general exclusions (see B3.325). The period for which the allowances can be claimed may be extended by Treasury regulations, at which point the amount of qualifying expenditure may be changed.

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