01386 556607

17 Mar 2018

Enhanced Capital Allowances...

There are now certain VRF and heat pump air conditioning systems that are eligible for the Enhanced Capital Allowance Scheme (ECA). This is a tax relief system which can be claimed against taxable profits of your business.

If your business wants to invest in plant and machinery then this equipment is classed as a Capital Asset and, under ECA rules, this means that in line with the rules for certain other company assets, your business can claim 100% first year capital allowances on their investment providing it is claimed within the year of expenditure.

In plain English, this means that as a business user, you can reduce your tax bill for the year in which you make the investment.

For more information regarding this, please visit the Inland Revenue's guidance website at www.inlandrevenue.gov.uk/capital_allowances/eca_guidance.htm

Air Conditioning & Refrigeration Services
Unit 2, Kempton Road, Keytec 7 Business Park, Pershore, Worcestershire, WR10 2TA
Email: enquiries@acrsltd.co.uk    Tel: 01386 556607

Reg. Office: The Old Barn, Avoncroft Farm, Offenham, Evesham, Worcs, WR11 8RR.    Registered in England No. 4347474

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