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Enhanced Capital Allowances

 
What are Capital Allowances?
Whenever a company makes a capital purchase it is allowed, under Inland Revenue rules, to write off the full purchase price against tax. This write-off is normally spread over a number of years depending upon the asset purchased and its expected service life.

And Enhanced Capital Allowances?
Enhanced Capital Allowances (ECAs) enable businesses to claim 100% first year capital allowances on qualifying investments. Since 2001, ECAs have been available for investments in energy-saving equipment.

Qualifying Products
Products eligible for ECAs are published in the Energy Technology Product List. Lighting control equipment constitutes one of the qualifying product categories. All GS Lighting energy-saving lighting controls and associated equipment qualify. Installation charges and any changes to the building needed to install the controls also qualify for relief.

Claims Procedure
Claims for ECAs are made in the same way as other capital allowances on the Corporation Tax Return. For more details see www.hmrc.gov.uk.
 
This means that for any lighting and lighting controls that are listed on the Energy Technology List and provided by GS Lighting your company can claim 100% capital allowances in the first year.

For more information, contact us here at info@gslighting.co.uk or by Tel: 01259 760 688