Section 175A Meaning of “energy services agreement”
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Amendments
Section 175A inserted by Finance Act 2001 section 66 and Schedule 18 para 2 in relation to expenditure incurred on or after 1 April 2001, with effect as respects allowances and charges falling to be made for chargeable periods ending, for income tax purposes on or after 6 April 2001 and for corporation tax purposes on or after 1 April 2001.
(1) In this Chapter “energy services agreement” means an agreement entered into by an energy services provider (“the energy services provider”) and another person (“the client”) that makes provision, with a view to saving energy or using energy more efficiently, for—
(a) the design of plant or machinery, or one or more systems incorporating plant or machinery,
(b) obtaining and installing the plant or machinery,
(c) the operation of the plant or machinery,
(d) the maintenance of the plant or machinery, and
(e) the amount of any payments in respect of the operation of the plant or machinery to be linked (wholly or in part) to energy savings or increases in energy efficiency resulting from the provision or operation of the plant or machinery.
(2) In this Chapter “energy services provider” means a person carrying on a qualifying activity consisting wholly or mainly in the provision of energy management services.
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