Enhanced Capital Allowances (ECAs) enable a company to claim 100% first-year capital allowances of their spending on qualifying plant and machinery as part of the government’s programme to manage climate change.
There are three schemes for ECAs:
- Energy-saving plant and machinery
- Low carbon dioxide emission cars and natural gas and hydrogen re-fuelling infrastructure
- Water conservation plant and machinery
Companies 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.
Jex Capital Allowances are able to offer pre-investment advice on the manufacturers and models that qualify for enhanced capital allowances in addition to providing a HMRC compliant analysis and report on qualifying enhanced capital allowances for submission with self-assessment tax returns.
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