Claim Up To 28% Back From The Purchase Price Of Qualifying Scrubber Dryers

How the Scheme Works

The incentive to companies purchasing this equipment is in the form of attractive Enhanced Capital Allowances (ECA) against corporation tax.

The ECA scheme allows the whole cost of qualifying equipment to be claimed against tax in the first year. For larger companies the main rate of corporation tax is 28% so this means that for scrubber dryers that qualify as water efficient the purchasing company save 28% on the cost of the machine in the form of tax allowance. For smaller companies this rate is still a significant 21%.

 

The Key Features of the Scheme

All businesses are now able to claim enhanced capital allowances, regardless of size, industrial or commercial sector or location.

• Enhanced capital allowances permit the full cost of the investment to be relieved for tax purposes against taxable income of the period of the investment.

• Only investments in new and unused plant and machinery can qualify.

 

Qualifying machines are as follows:

BA451/531

BA 551/611

BA 825 

BR 601/651/751 

BR850

BR855

For more details about the scheme visit:

www.eca-water.gov.uk