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Acceleration of wear and tear allowances for gas vehicles and refuelling equipment
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18. Chapter 2 of Part 9 of the Principal Act is amended by inserting the following after section 285B:
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“Acceleration of wear and tear allowances for gas vehicles and refuelling equipment
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285C. (1) In this section—
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‘biogas’ means gas produced from biomass;
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‘biomass’ means the biodegradable fraction of—
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(a) products, waste and residues from agriculture, forestry and related industries including, in respect of agriculture, vegetal and animal substances, and
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(b) industrial and municipal waste;
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‘CN code’ means a Community subdivision to the combined nomenclature of the European Communities referred to in Article 1 of Council Regulation (EEC) No. 2658/87 of 23 July 19871
as amended by Commission Regulation (EC) No. 2031/2001 of 6 August 20012
;
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‘compressed natural gas’ means petroleum gases and other gaseous hydrocarbons in gaseous state falling within CN code 2711 21 00;
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‘gas refuelling station’ means a premises, or part of a premises, at which gaseous fuel is supplied to a gas vehicle;
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‘gas vehicle’ means a mechanically propelled road vehicle in the engine of which gaseous fuel is used for combustion;
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‘gaseous fuel’ means compressed natural gas, liquefied natural gas or biogas;
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‘liquefied natural gas’ means petroleum gases and other gaseous hydrocarbons in liquefied state falling within CN code 2711 11 00;
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‘qualifying expenditure’ means capital expenditure incurred during the relevant period on the provision of—
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(a) qualifying refuelling equipment, or
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(b) qualifying vehicles;
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‘qualifying refuelling equipment’ means refuelling equipment, which is unused and not second-hand, installed at a gas refuelling station;
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‘qualifying vehicle’ means a gas vehicle, which is—
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(a) constructed or adapted for—
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(i) the conveyance of goods or burden of any description,
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(ii) the haulage by road of other vehicles, or
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(iii) the carriage of passengers,
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(b) unused and not second-hand, and
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(c) either—
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(i) not commonly used as a private vehicle and unsuitable to be so used, or
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(ii) provided or hired, wholly or mainly, for the purpose of hire to or the carriage of members of the public in the ordinary course of trade;
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‘refuelling equipment’ means—
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(a) a storage tank for gaseous fuel,
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(b) a compressor, pump, control or meter used for the purposes of refuelling gas vehicles, or
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(c) equipment for supplying gaseous fuel to the fuel tank of a gas vehicle;
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‘relevant period’ means the period commencing on 1 January 2019 and ending on 31 December 2021.
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(2) Where a person has incurred qualifying expenditure for the purposes of a trade carried on by that person, and for any chargeable period a wear and tear allowance is to be made under section 284 in respect of qualifying refuelling equipment or a qualifying vehicle to which that qualifying expenditure relates, subsection (2) of that section shall apply as if the reference in paragraph (ad) of that subsection to 12. 5 per cent were a reference to 100 per cent.
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(3) Subsection (2) shall not apply where an allowance on account of the wear and tear of the qualifying refuelling equipment or qualifying vehicle concerned is made in accordance with—
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(a) section 284(2)(a)(ii), as applied by section 286(2), or
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(b) section 284(2)(ad), as applied by section 285A(2).”.
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1 OJ No. L256, 7.9.1987, p.1
2 OJ No. L279, 23.10.2001, p.1 |
