|
Much of the equipment we recommend is classed as designated energy saving and, as such, is eligible for the Enhanced Capital Allowance (ECA) scheme which was introduced by the Government in 2001 in parallel with the Climate Change Levy (CCL).
The CCL imposed a levy on energy tariffs for businesses (excluding very small businesses) while the ECA scheme enables these businesses to reclaim all the tax allowance very quickly if they invest in approved energy efficient equipment.
When investing in any new capital equipment you are entitled to offset the cost against your corporation tax by claimimg capital allowances. For most capital investments this allowance is spread over a period of time, sometimes up to 10 years.
The Enhanced Capital Allowance provides up-front tax relief, as up to 100% of the allowances can be reclaimed in the first year.
|
