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News - 7 July 2007
|Zero to 60 in 3.6 seconds. no carbon emissions. Perfect for an ECA|
Inland Revenue give away - well almost!
Enhanced Capital Allowances (ECAs) enable a business to claim 100% of the cost of purchasing plant and machinery that leads to certain environmental improvements in the same year they spend the money.
Businesses can write off the whole of the capital cost of their investment in these technologies against their taxable profits of the period during which they make the investment. There is a wide range of suitable investments from low CO2 emission cars (like the one pictured!) for business use through to rainwater harvesting equipment.
There are three schemes for ECAs:
- Energy-saving plant and machinery
- Low carbon dioxide emission cars and natural gas and hydrogen refuelling infrastructure
- Water conservation plant and machinery
ECAs can deliver a helpful cash flow boost and a shortened payback period
For more information on ECA click on the link below
Enhanced Capital Allowances
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