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Enhanced Capital Allowance

A J Hurst Ltd in conjunction with our partners are also a Capital Allowances specialist and advises and consults to businesses on how to claim tax allowances on certain purchases or investments.

This means you can deduct a proportion of these costs from taxable profits and reduce a corporate tax bill. Capital allowances are available on plant and machinery, buildings and research and development. The amount of the allowance depends on what is being claimed for.

Further new developments builds on the existing first-year allowances for certain expenditure on defined ‘green’ technologies. 100% relief is now available on specified green technology with regard to energy-efficient and water-efficient technology, which previously did not qualify for any relief e.g. lighting. Enhanced Capital Allowances (ECAs) enable a business to claim 100% first-year capital allowances on their spending on qualifying plant and machinery. 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

However, ECAs can only be claimed on equipment that is on the Energy Technology List (ETL) which is managed by the Carbon Trust on behalf of DEFRA. There are two different groups of energy-saving technology that qualify for an ECA.

• Listed products meet the criteria presented in the Energy Technology Criteria List (ETCL) and are listed on the Energy Technology Product List (ETPL).

• Non-listed products also meet the ETCL but are not listed on the ETPL.

Our range of fittings appears on the Energy Technology List and is eligible for an Interest free loan and the Enhanced Capital Allowance scheme. Savings on ROI due to ECAs are about 30%.

For further information please email; mark.goldsbrough@ajhurst.com or phone Mark Goldsbrough on; +44 (0) 20 9077 0037