FYA were available at a rate of 100% on expenditure on plant and machinery which fell into the category of ‘energy-saving’ (see below). An equivalent relief was given for ‘environmentally beneficial plant and machinery’ which covers various types of water-related technology (see ¶190-550). Both types of allowances continued to be available despite the withdrawal of most other FYA in 2008 and the recommendation that they be withdrawn made by the Office of Tax Simplification in 2011. Indeed, the value of these allowances in some cases increased as loss-making companies could claim payable tax credits. See ¶195-000ff.

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