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Tax Savings

Air 2K Engineering Ltd is able to supply and install equipment listed on the Energy Technology List (ETL) which entitles the customer to the Enhanced Capital Allowance. This is a tax allowance to encourage businesses to install and use energy efficient equipment. It is incurred on new, unused plant and machinery, of a description specified by Treasury Order, and which meets the energy saving criteria specified in the Energy Technology List.

The Energy Technology List is a listing of energy efficient equipment and products which comply to the performance criteria stipulated by the government under the auspices and administration of The Carbon Trust. The ETL covers many products which include air conditioning and heat pump systems.

The two major advantages of installing ETL listed equipment are:

1.Reduced energy bills
2.Complete installation cost is claimed against corporate tax-100% in the first year.

The complete installation cost includes:

1. Cost of system design
2. Air conditioning and heat pump equipment
3. Installation pipe work
4. Electrical supplies
5. Craneage
6. Commissioning

Whilst this expenditure normally qualifies for 100% enhanced capital allowance, Air 2K recommends that purchasers should take advice from their professional advisors to ensure that the correct amount of tax relief is claimed.

Businesses will benefit by having their corporate tax bill reduced during the year in which they made the investment in the energy efficient equipment, plus a welcome cash flow boost as a result.