Accelerated Capital Allowance Scheme For Energy Saving.
The ACA is a tax incentive for companies paying corporation tax and aims to encourage investment in energy efficient equipment. The ACA offers an attractive incentive whereby it allows companies to write off 100% of the purchase value of qualifying energy efficient equipment against their profit in the year of purchase.
– Process & Heating.
– Building Energy Management Systems, BEMS.
– Heating & Electrical Provision.
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The Accelerated Capital Allowance (ACA) is a tax incentive which aims to encourage companies to invest in energy saving technology.The ACA allows companies to write off 100% of the purchase value of qualifying energy efficient equipment against their profit in the year of purchase.
The ACA is based on the existing Capital Allowances tax structure (also referred to as Wear and Tear Allowance) for plant and machinery and is only applicable to eligible energy efficient equipment. Claiming the ACA is also carried out the same way as for the standard Capital Allowances.
The ACA will benefit companies from year one by:
Reducing their tax bill
Increasing their cash flow
Reducing their energy costs