SI 2019/499 - The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2019

Released 08 March 2019

SI 2019/499 amends SI 2003/2076 to reflect the latest Water Technology Criteria and Water Technology Product lists issued on 19 February 2019.

The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2019 amends the Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003 (SI 2003/2076), which implemented legislation to introduce a scheme for 100% first-year allowances to encourage businesses to invest in environmentally beneficial plant and machinery. The Capital Allowances Act 2001, s. 45H enables the Treasury by order to specify qualifying plant and machinery by reference to a description or criteria given by the Secretary of State in a technology or product list. The Secretary of State for the Environment, Food and Rural Affairs has issued the Water Technology Criteria List and Water Technology Product List. These lists have been revised and replaced by new lists issued on 19 February 2019 which have effect from 29 March 2019.  The order comes into force on 29 March 2019.

The document is available here.

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