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Capital Allowance and Enhanced Capital Allowance (ECA)

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.

What are 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 equipment constitutes one of the qualifying Product categories.

Konect Electrical Services Ltd has a proven and professional relationship with Dextra Lighting who are an approved manufacturer. Working closely with Dextra Lighting we are able to provide tailor made lighting solutions for our customers to provide compliant lighting systems to enable returns for Enhanced Capital Allowance.

Enhanced Capital Allowance Claims Procedure

Claims for ECAs are made in the same way as other capital allowances on your Corporation Tax Return.

For more information consult your accounts department or visit www.inlandrevenue.gov.uk for further details

Responsibility for managing, promoting and monitoring the ECA scheme has been assumed by the Carbon Trust. The Carbon Trust was set up in April 2001 to encourage UK businesses and industry to adopt low carbon technologies and energy-efficient practices

Further information can be found at
www.thecarbontrust.co.uk and www.eca.gov.uk