Enhanced capital allowances made by order
An Order was made on 14 July 2016, designating sites in enterprise zones in England, Northern Ireland and Wales as designated assisted areas for the purposes of section 45K of the Capital Allowances Act 2001. The designations take effect retrospectively from 18 March 2015 (for the sites in England) and 16 March 2016 (for the sites in Northern Ireland and Wales). The Order comes into force on 5 August 2016. Companies in designated assisted areas within enterprise zones are entitled to a 100% first year allowance for qualifying expenditure on plant and machinery.
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