Updates

The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2019

  • Legal

Jurisdiction:  UK

Commencement:   29th March 2019

Amends:   The Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003 (SI 2003/2076)

 

Mini Summary

The Capital Allowances (Environmentally Beneficial Plant and Machinery) Order 2003 (SI 2003/2076) amends the Capital Allowances Act 2001 to introduce an Enhanced Capital Allowance (ECA) scheme enabling businesses to claim accelerated tax relief on expenditure on water efficient technologies. Businesses can claim 100 percent First Year Allowances on their investment in designated water efficient plant and machinery.

 

Amendment

This Order gives a revised list of technologies and products that qualify for the Enhanced Capital Allowance (ECA) scheme as of the 19th February 2019.

The new lists clarify the qualifying criteria for a number of technologies and include changes in technical standards.The revised ECA scheme list is available here

 

Link to full government text

 

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