We supply, install and commission variable speed drives ......................
lowering your operating costs and increasing your profitability
in energy-saving Variable Speed Drives does more than just
save your business money – it is often more tax
Allowances (ECAs) are a straightforward way for a business
to improve its cash flow through accelerated tax relief.
The ECA scheme for energy-saving technologies encourages
businesses to invest in energy-saving plant or machinery
specified on the Energy Technology List (ETL) which is
managed by the Carbon Trust on behalf of Government. All the
Variable Speed Drives products offered by UCS Energy
Solutions meet the ECA scheme requirements and are included
on the ETL.
The ECA scheme provides businesses with 100% first year tax
relief on their qualifying capital expenditure. Businesses
are therefore able to write off the whole cost of the
equipment and installation costs against their taxable
profits in the year of purchase. This can provide an
additional cash flow boost.
If your business
pays corporation tax at 28%, every £1,000 spent on Variable
Speed Drives would reduce its tax bill in the year of
purchase by £280. In contrast, for every £1,000 spent, the
generally available capital allowance for spending on plant
and machinery would reduce your business' tax bill in the
year of purchase by £56. In other words, an ECA can provide
a cash flow boost of £224 for every £1,000 it spends in the
year of purchase.