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The scope for enhanced capital allowances widened


The 100% enhanced capital allowances available for investment in Energy saving or water efficient plant and machinery, is to be extended. Capital expenditure by businesses on plant and machinery would normally qualify for 20% writing down allowance. If the plant and machinery qualifies under the appropriate lists for approved energy saving equipment or water efficient technology then a 100% first year allowance can be claimed.

This enhanced 100% allowance is to include investment in uninterruptible power supplies from a date to be announced shortly. 

Tip: As investing in plant and equipment entitled to the enhanced allowances could result in the full cost being allowed for tax in the year that you bought it, then it is worth considering. It is surprising what qualifies, as it could be basic light fittings, heat pumps or mere toilets that could save tax. Further details of what qualifies can be found at www.eca.gov.uk.