Schedules

[F1SCHEDULE A1U.K.First-year tax credits

Part 1U.K.Entitlement to first-year tax credits

Meaning of “relevant first-year expenditure”U.K.

3(1)In this Schedule “relevant first-year expenditure” means expenditure which—U.K.

(a)is first-year qualifying expenditure by virtue of section 45A (energy-saving plant or machinery) or section 45H (environmentally beneficial plant or machinery), and

(b)is incurred in the period beginning with 1 April 2008 and ending with [F231 March 2023],

but does not include expenditure which is treated as first-year qualifying expenditure within paragraph (a) by virtue of section 236 (additional VAT liability treated as expenditure).

(2)In determining whether expenditure is relevant first-year expenditure, any effect of section 12 on the time at which it is to be treated as incurred is to be disregarded.

(3)The Treasury may by order substitute, for the date for the time being specified in sub-paragraph (1)(b) as the date with which the period ends, such later date as it thinks fit.

(4)An order under sub-paragraph (3) may make such incidental, supplemental, consequential and transitional provision as the Treasury thinks fit.]