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tax savings |
arctic can advise you on ways to save money for your business by installing energy efficient air conditioning systems. You could be eligible for an interest free loan from Carbon Trust, or you could choose to offset your tax 100% with an ECA.
Enhanced Capital Allowances (ECAs) enable a business to claim 100% first-year capital allowances on their spending on qualifying plant and machinery.
There are three schemes for ECAs:
* Energy-saving plant and machinery
* Low carbon dioxide emission cars and natural gas and hydrogen refuelling infrastructure
* Water conservation plant and machinery businesses can write off the whole of the capital cost of their investment in these technologies against their taxable profits of the period during which they make the investment. This can deliver a helpful cash flow boost and a shortened payback period.
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Energy-Efficiency Loans from the Carbon Trust are a cost effective way to replace or upgrade your existing equipment with a more energy efficient version.
Being more energy efficient makes sound economic sense because using less energy lowers operating costs. From an environmental perspective, it's an effective way for business to cut carbon emissions and, in turn, combat climate change.
Small or medium-sized enterprises (SMEs) in England and Scotland, or all businesses in Wales* that have been trading for at least 12 months, could borrow from £5,000 to £100,000. It is unsecured, interest free and repayable over a period of up to 4 years. There are no arrangement fees and applying is straightforward.
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