What is the ECA Scheme?
The Chancellor of the Exchequer, Gordon Brown, in his November 1999 Pre-Budget Report, announced support for business investment in low carbon technologies under the climate change levy package. This allowed for the introduction of a 100% first year Enhanced Capital Allowance scheme, and a £50m fund for energy efficiency and renewables.
The Key Features of the Scheme
• All businesses can claim enhanced capital
allowances, on their qualifying expenditure, regardless of size, industrial
or commercial sector or location
For the Inland Revenue guidance on the scheme for Enhanced 100% Capital Allowances and Energy Saving Investment please see
As announced in the 2005 Budget, the installation of air source heat pumps in residential accommodation and certain charity buildings, has become subject to the reduced VAT rate of five per cent.
This provides a welcome reduction in cost to consumers installing heat pump air conditioning systems to domestic homes in the UK - In most cases it will be cheaper for consumers to fit heat pump systems rather than cooling only systems.
All Mitsubishi heat pump systems currently supplied and fitted by AirTec to residential accommodation will be subject to the reduced rate
The reduced VAT rate only applies to equipment which is both supplied and fitted to residential accommodation - supply only equipment is still subject to the standard 17.5% VAT.
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AirTec - Creating the ideal environment across the South West region
AirTec Climate Control Ltd, 2 Kingswood Court Business Park, Long Meadow, South Brent, Devon, TQ10 9YS
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