CA23156 | Plant and Machinery Allowance (PMA): First Year Allowance (FYA): Expenditure on plant or machinery for an electric vehicle charging point

Section 45EA CAA01

Businesses of all sizes can claim 100% FYAs on capital expenditure on the provision of plant or machinery for an electric vehicle charging point.

For the purpose of this FYA:

• 'Electric vehicle' means a road vehicle that can be propelled by electric power, whether or not it can also be propelled by another kind of power;

• 'Electric vehicle charging point' means a facility for charging electric vehicles;

• 'Expenditure on plant or machinery for an electric vehicle charging point' means expenditure on plant or machinery installed solely for the purpose of charging electric vehicles.

Eligible expenditure may include capital expenditure on:

• The charging point itself;

• Alteration of land for the purpose only of installing the FYA qualifying plant or machinery;

• Plant or machinery installed for the sole purpose of providing the charging point with the necessary supply of electricity.

The plant or machinery must be unused and not second-hand (CA23117).

In order to qualify, expenditure must be incurred between 23 November 2016 and

• 31 March 2027 for Corporation Tax purposes;

• 5 April 2027 for Income Tax purposes.

The general FYA exclusions apply (see CA23113).

Expenditure that does not qualify for the FYA (for example, because it was incurred partly for purposes beyond the facility for charging electric vehicles) may still qualify for other PMAs (see CA20000 onwards).