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First year allowances (FYAs) are available on the following items:

1. •

   first year relief on qualifying new main rate plant and machinery (at 100%, which is described by HMRC as ‘full expensing’) and special rate assets (at 50%) from 1 April 2023 (companies only)

2. •

   new and unused cars with low CO2 emissions, or electric cars

3. •

   new and unused zero-emission goods vehicles

4. •

   new electric vehicle charging points

5. •

   gas refuelling stations

6. •

   expenditure on new plant or machinery which qualifies as a special rate asset and is incurred on or after 1 April 2021 and before 1 April 2023 (companies only), see the Super-deduction and special rate first year allowance guidance note

7. •

   plant and machinery for use primarily in an area which is a designated assisted area in an enterprise zone (companies only)

8. •

   plant and machinery for use primarily in an area which is a designated tax site in a freeport (companies only)

9. •

   plant and machinery for use primarily in an area which is a designated investment zone (companies only)

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