Revenue eBrief No. 049/21

09 March 2021

Accelerated capital allowances for energy efficient equipment

Tax and Duty Manual Part 09-02-04 has been updated to reflect 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.