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The Capital Allowances (Designated Assisted Areas) Order 2015

As Enacted Cited authorities 8 Cited in Related
Vincent
JurisdictionUK Non-devolved
CitationSI 2015/2047

2015No. 2047

CORPORATION TAX

The Capital Allowances (Designated Assisted Areas) Order 2015

16thDecember2015

17thDecember2015

7thJanuary2016

The Treasury make the following Order in exercise of the powers conferred by section 45K(2)(a), (3) and (4) of the Capital Allowances Act 2001( 1).

Citation, commencement, effect and interpretation

1.-(1) This Order may be cited as the Capital Allowances (Designated Assisted Areas) Order 2015.

(2) This Order comes into force on 7th January 2016.

(3) An area designated by virtue of Schedule 1 to this Order is to be treated as having been designated on 1st April 2012.

(4) An area designated by virtue of Schedule 2 to this Order is to be treated as having been designated on 1st April 2015.

(5) In this Order "CAA 2001" means the Capital Allowances Act 2001.

Designation of areas

2.-(1) The area shown enclosed by a red line on the map of a scale of 1:1250 included in the schedule to each memorandum of understanding described in paragraph (2) are designated as designated assisted areas for the purposes of section 45K of CAA 2001 (expenditure on plant and machinery for use in designated assisted areas).

(2) In paragraph (1) references to a "memorandum of understanding" are to a memorandum of understanding entered into for the purposes of section 45K of CAA 2001 by the Treasury with the responsible authority listed in column 1 of the tables in Schedule 1 or Schedule 2 to this Order on the date listed in column 2 of those tables.

(3) Each memorandum of understanding referred to in paragraph (2) is kept at the offices of HM Treasury at 1 Horse Guards Road, London SW1A 2HQ, where they (or a copy of them) may be inspected by members of the public at reasonable hours without charge.

David Evennett

Mel Stride

Two of the Lords Commissioners of Her Majesty's Treasury

16th December 2015

SCHEDULE 1

Articles 1(3) and 2(2)

Table 1

Name of responsible authority

Date of memorandum of understanding

Area included in the map

Enterprise Zone within which area falls

Assisted area within which area falls

Redcar and Cleveland Borough Council

16th July 2013

South Bank Wharf site

Tees Valley Enterprise Zone

North East

Redcar and Cleveland Borough Council

16th July 2013

Wilton site

Tees Valley Enterprise Zone

North East

Wirral Metropolitan Borough Council

9th March 2015

Wirral Waters site

Mersey Waters Enterprise Zone

North West

Walsall Metropolitan Borough Council

2nd March 2015

George Dyke site

Black Country Enterprise Zone

West Midlands

Walsall Metropolitan Borough Council

2nd March 2015

Gasholder site

Black Country Enterprise Zone

West Midlands

Walsall Metropolitan Borough Council

2nd March 2015

Phoenix 10 site

Black Country Enterprise Zone

West Midlands

SCHEDULE 2

Articles 1(4) and...

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