Updates: Capital Allowances Manual

2024

30 October 2024 published amendments

Plant and Machinery Allowances (PMA): cars: double cab pick-ups

Update for multi-purpose vehicles and new interpretation for double cab pickups (DCPU). On 19 Feb 24 the government announced intent to legislate for DCPUs to be treated as goods vehicles. Legislation will now not be introduced per Autumn Budget 24.

Plant and Machinery Allowances (PMA): cars: outline - meaning of ‘car’

Update for multi-purpose vehicles and new interpretation for double cab pickups (DCPUs). On 19 Feb 24 the government announced intent to legislate for DCPUs to be treated as goods vehicles. Legislation will now not be introduced per Autumn Budget 24.

Plant and Machinery Allowances (PMA): cars: contents

Added link to new section page CA23511.

Plant and Machinery Allowances (PMA): introduction: outline

Adding an explanation of available options when more than one type of plant and machinery allowance is available and linking to detailed guidance at page CA20008.

Plant and Machinery Allowances (PMA): introduction: contents

Added link to new section page CA20008.

PMA: Computer software: Computer software and rights are plant

To provide clarity on the treatment of capital expenditure incurred on computer software. Section added on relationship with the intangible fixed assets regime.

3 June 2024 published amendments

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): Plant and machinery in freeport and investment zone special tax sites: Qualifying expenditure

Change to applicable sunset date to reflect SI 2024/574, which came into force from 21 May 2024.

Enhanced SBA in freeport and investment zone special tax sites: special tax site qualifying expenditure

Amended sunset date for special tax sites to reflect SI 2024/574 which came into force 21 May 2024.

13 May 2024 published amendments

Structures and buildings allowance (SBA): outline: parts of a building

Updated to reflect the change in the rate of SBA, being set at 3% as from April 2020.

9 April 2024 published amendments

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): expenditure on which available and rates

Updated to account for the introduction of special tax sites and for full expensing no longer being temporary.

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): Plant and machinery in freeport and investment zone special tax sites: Anti-avoidance

Updated to account for the introduction of special tax sites and investment zones.

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): Plant and machinery in freeport and investment zone special tax sites: Qualifying expenditure

Updated to account for the introduction of special tax sites.

Structures and buildings allowance (SBA): outline: background

Updated to include investment zones.

Structures and buildings allowance (SBA): allowances: amount of allowance

Updated to account for special tax sites

Enhanced SBA in freeport and investment zone special tax sites: Additional allowance statement requirement

Updated to account for special tax sites.

Enhanced SBA in freeport and investment zone special tax sites: Apportionment

Updated to account for special tax sites and sunset date.

Enhanced SBA in freeport and investment zone special tax sites: special tax site qualifying expenditure

Updated to account for the introduction of special tax sites.

19 February 2024 published amendments

Plant and Machinery Allowances (PMA): cars: double cab pick-ups

The 13 February 2024 guidance changes for double cab pick-ups have been removed. This follows Ministerial announcement to amend legislation to preserve the prior treatment of double cab pick-ups with a payload of one tonne or more as goods vehicles.

Plant and Machinery Allowances (PMA): cars: outline - meaning of ‘car’

Plant and Machinery Allowances (PMA): cars: contents

13 February 2024 published amendments

Plant and Machinery Allowances (PMA): cars: outline - meaning of ‘car’

Updated for new interpretation on multi-purpose vehicles and double cab pick-ups.

Plant and Machinery Allowances (PMA): cars: contents

New page on double cab pick-ups at CA23511

15 January 2024 published amendments

General: claims: Capital allowances claims and partnerships

To make clear that the partnership tax calculation for corporate members of a partnership may include a claim to capital allowances that are only available to companies within the charge to Corporation Tax.

12 January 2024 published amendments

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): Super-Deduction and Special Rate (SR) Allowance: Qualifying conditions

Note and link to guidance on partnerships with company members.

5 January 2024 published amendments

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): Expenditure on plant or machinery for an electric vehicle charging point

The period within which the expenditure must be incurred has been updated so that it ends on 31 March and 5 April 2025 for Corporation Tax and Income Tax purposes respectively. This is to reflect the effect of Finance (No. 2) Act 2023 (c. 30), s. 9.

2023

10 November 2023 published amendments

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): expenditure on which available and rates

Environmentally beneficial and energy-saving FYA moved to repealed schemes.

Additional paragraph and example to explain how pre-commencement expenditure works with FYAs

9 October 2023 published amendments

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): contents

New sub contents page added for full expensing and 50% first year allowance

13 January 2023 published amendments

General: claims: contents

New age inserted

formatting

2022

9 May 2022 published amendments

PMA: Long funding lease: miscellaneous

Updated to reflect changes introduced in FA 2021 as a consequence of COVID-19.