Scheme saves water, saves money, saves tax
07 March 2013
Customers of Tennant UK can now boost their cash flow, reduce water use and reduce water bills through the DEFRA (Department of Environment, Food and Rural Affairs) Enhanced Capital Allowance Scheme for Water Efficient Technologies.
100% first year capital allowance can be claimed on investments in technologies and products that encourage sustainable water use.The whole cost of the investment can be written off against the taxable Nilfisk has been working with ICCMA and DEFRA to define the ECA scheme (mentioned at the top of the page) which allows businesses to claim the whole cost of the qualifying equipment against corporation tax in the first year.
For larger companies, this allows them to save 28% in the form of a tax allowance.
Qualifying machines are listed, by model, on the Water Technology List (WTL) and the manufacturers are entitled to use the WTL logo where appropriate.
All companies, irrespective of size or industry segment, can claim. Claims can only be made on investments in new and unused plant and machinery.The Nilfisk group claims to have the greatest number of water efficient scrubber dryers approved on the Water Technology List. A total of 49 Nilfisk models are now certified and listed on the ECA WTL web site www.eca-water.gov.uk.
Models range from the 450mm BA451 through to the 860mm ride on scrubber dryer the BR855.
Models are approved with the benefit of the automated chemical dosing system EDS - Eco Dosage Solution.
profits of the period during which the investment was made, rather than spreading it over up to 12 years.
The scheme covers all Tennant pedestrian FaST and ec-H20 machines purchased since September 2009.
"We see this as another important step in partnering with our customers to achieve sustainable cleaning and cost efficiency," says Nick Meredith, general manager UK and Ireland."Now, more than ever, companies are having to tightly manage their budgets, and to have the opportunity to help improve our customers' cash flow while maintaining their environmental commitment is a positive step forward for everyone." Qualifying technologies have to meet defined water saving criteria.They will be published in a list on the DEFRA website and the criteria will be reviewed on an annual basis. All allowances are due in the first year.