capital allowances definition

capital allowances means any allowance made in respect of capital expenditure on machinery or plant under the CAA and/or under any other enactment for the time being in force providing for the making of similar allowances and/or giving similar relief whether introduced in addition to or as a replacement for the same;

capital allowances means the allowances under section 19, 19A, 20, 21, 22 or 23 of the Act;

capital allowances means the allowances specified in sections 12 and 13 of the Act;

Examples of capital allowances in a sentence

• Corporate Tax 36.1 The Contractor shall keep (and shall procure that its Sub-Contractors keep) records of all expenditure, costs and other outgoings incurred in the performance of its obligations under this Agreement, to enable, validate and support claims and compliance requirements made by the Employer under UK tax legislation with particular reference, but not limited to, reliefs provided under the Capital Allowances Act 2001 (“CAA2001”).

• Corporate Tax The Contractor shall keep (and shall procure that its Sub-Contractors keep) records of all expenditure, costs and other outgoings incurred in the performance of its obligations under this Agreement, to enable, validate and support claims and compliance requirements made by the Employer under UK tax legislation with particular reference, but not limited to, reliefs provided under the Capital Allowances Act 2001 (“CAA2001”).

• The Seller and the Buyer agree to make an election on completion under s198 of the Capital Allowances Act 2001 to give effect to the capital allowance and to submit the value specified in the special conditions to HMRC for the purposes of their respective capital allowance computations.

• VAT and Capital Allowances Unless stated otherwise all amounts referred to in this Agreement shall be deemed to be exclusive of VAT.

• In response to the 1998 Xxxxxxxx Report on ‘Economic Instruments and the Business Use of Energy’ (Xxxx Xxxxxxxx, 1998),8 the ‘levy package’ (CCL and CCA), the UK Emissions Trading Scheme, and the Enhanced Capital Allowances (ECA)9, were born by the Climate Change Program (CCP) in 2000.

More Definitions of capital allowances

capital allowances means capital allowances as provided for by the Capital Allowances Act;

capital allowances means capital allowances under Part 2 CAA 2001; "Cashflow Report" means any Cashflow Report (including the Notional Accounts and the Tax Report) produced in accordance with this Financial Schedule, including the Example Cashflow Report, the Original Cashflow Report, the Latest Cashflow Report, the Termination Cashflow Report, the Latest Termination Cashflow Report, the Lessor's Increased Termination Cashflow Report and any Revised Lessor's Increased Termination Cashflow Report, as the context may require; "Change in Accounting Standards" means, in each case after the date hereof: (a) the introduction or enactment of any applicable law, regulation or standard having effect in the UK by any regulatory, governmental, national, international or other authority or agency, or by any of the bodies mentioned in the definition of "Accounting Standards"; or

capital allowances. No Group Company has made any claim for capital allowances in respect of any asset which is leased to or from, or hired to or from, any Group Company, and since the Balance Sheet Date, the Group has not done or omitted to do, or agreed to do or permitted to be done, any act, or suffered any occurrence, as a result of which any balancing charge has arisen or may arise under Section 274 and Section 288 of the TCA nor has there been or might there be any disallowance of excess relief by virtue of Section 403 of the TCA;

capital allowances. POOL means in respect of the Company/Target Companies the aggregate of the pools of qualifying expenditure within the provisions of Part 2 and Part 5 of the Capital Allowances Act 2001 as at 1 January 2004;

capital allowances. The Target has in its possession details of all capital allowances claimed by it in respect of the accounting period ended on the Locked Box Accounts Date in respect of each asset or pool of assets in respect of which separate computations for capital allowances are required to be made or, as a result of any election, are made. 23. VAT 23.1. The Target (i) is, in each jurisdiction where it ought to have been so registered, a duly registered taxable person for the purposes of VAT, (ii) is not, nor has in the last three years been, wholly or partly exempt for such purposes, and (iii) is not subject to any conditions imposed by or agreed with any Tax Authority, (iv) is not and has never been a member of a VAT group, and (v) has not at any time within the last six years, acted as agent of any person not resident in the United Kingdom for the purposes of section 47 of VATA or been appointed as a VAT representative of any person for the purposes of section 48 of VATA (VAT representatives). 23.2. All claims made by the Target for refunds of VAT in the last six years have been made on a proper basis within applicable time limits, and no Tax Authority has disputed or challenged, or otherwise notified the Target that it intends to dispute or challenge, the Target’s entitlement to make any such claim and/or the amount of any such claim. 23.3. The Target (i) has not agreed any special method of attributing, accounting or otherwise in relation to VAT with a Tax Authority, (ii) does not own any assets or capital items which may be subject to any adjustment to, or repayment of, VAT previously claimed by the Target and (iii) does not own any land or buildings (including any interest in or right or licence over any

capital allowances means allowances under Parts X and XI of the Income Tax Act, 1952, and " relevant capital allowances ", in relation to any trade, means capital allowances falling to be given by way of deduction in charging the profits or gains of the trade to income tax;

capital allowances means any allowances; or other concession granted buy the Federal Board of Inland Revenue of or other taxing authority to meet any diminish value of an equipment subject of an equipment lease;