Autumn Statement 2016: Capital allowances for electric charge-points

Businesses incurring expenditure on acquiring new and used electric charge-points will be eligible for a 100% first-year allowance (FYA). The FYA will apply to relevant expenditure incurred on or after 23 November 2016 and will be available until 31 March 2019 for corporation tax and 5 April 2019 for income tax. This measure is the latest in the Government’s efforts to improve the UK’s air quality by encouraging the uptake of electric cars.