76 Repeal of spent first-year allowances

76  Repeal of spent first-year allowances

(1)     CAA 2001 is amended as follows.

(2)     Omit sections 40 to 43 (first-year allowance for Northern Ireland expenditure incurred on or before 11 May 2002).

(3)     Omit section 45 (first-year allowance for ICT expenditure incurred on or before 31 March 2004).

(4)     In Schedule 3 (transitionals and savings), omit paragraphs 46 to 51 (first-year allowance for additional VAT liabilities).

(5)     In consequence of the amendments made by subsections (2) to (4),

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