TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

FA 20 changes: Accelerated capital allowances for energy efficient equipment

The Tax and Duty Manual Part 09-02-04 – Accelerated Capital Allowances for Energy-Efficient Equipment [Section 285A TCA 1997] – now reflects the extension of the scheme of accelerated capital allowances for certain energy efficient equipment to 31 December 2023, as provided for by Finance Act 2020. Finance Act 2019 revised downwards the emissions thresholds on which capital allowances and leasing expenses are based. Accordingly, the updated emissions threshold is now reflected in the paragraph concerning electric and alternative fuel vehicles. See eBrief No. 049/21 for further details.