Budget 2014 – An updated list of qualifying expenditure under the energy-saving and water efficient enhanced capital allowances (ECA) schemes

As part of the capital allowance regime, it is possible to obtain 100% first year allowances for qualifying energy-saving and water efficient technologies under the ECA schemes.

HMRC have announced an updated list of the expenditure that will qualify under these schemes. This includes two new technologies: Active chilled beams and desiccant air dryers with energy saving controls. The qualifying criteria for twelve current technologies will also be revised.

This will benefit those businesses who have utilised their Annual Investment Allowance and are incurring capital expenditure on energy saving or water efficient technologies.