In his Autumn Statement 2016 the chancellor announced a new 100% first year allowance (FYA) for electric vehicle charging points from 23 November 2016.

Legislation will be introduced by Finance Bill 2017 to give full relief for expenditure incurred on plant and machinery that is:

  • Installed solely for the purposes of charging electrical vehicles.
  • Unused and not second hand.

This FYA will be available from 23 November 2016 until:

  • 31 March 2019 for Corporation Tax.
  • 5 April 2019 for Income Tax.


Our freeview guide: Capital allowances: rates and allowances

Our subscriber guide: Enhanced Capital Allowances: energy saving plant

HMRC policy documents and draft legislation


Back to Autumn Statement 2016: Highlights and Headlines