Policy paper

Capital Allowances: extension of first-year allowances for zero-emission cars and electric vehicle charging points

This tax information and impact note sets out an extension to the availability of the 100% first-year allowances for zero-emission cars and electric vehicle charge-points.

• From: HM Revenue & Customs
• Published: 30 October 2024

Documents

Capital allowances — extension of first-year allowances for zero-emission cars and electric vehicle charge-points

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Details

This measure extends the availability of the 100% first-year allowance for qualifying expenditure on zero-emission cars and the 100% first-year allowance for qualifying expenditure on plant or machinery for electric vehicle charge-points, to:

• 31 March 2026 for Corporation Tax purposes
• 5 April 2026 for Income Tax purposes

Published 30 October 2024