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Capital allowances and first-year tax credits: regulations

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The Capital Allowances (First-year Tax Credits) Order, SI 2013/464, extends to 31 March 2018 the period during which relevant first-year expenditure for the purpose of CAA 2001 Sch A1 para 3 (in relation to expenditure on energy-saving or environmentally beneficial plant or machinery) must be incurred. The five-year extension was announced at Budget 2012.

The Order will come into force on 28 March.