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UPSL’s Powerwave 6000 units included in UK Enhanced Capital Allowance product list

Wed, 04/10/2013 - 18:36 -- Editor

UPSL’s three-phase Powerwave 6000 (400 & 500 kVA models) UPS has now been included in the Carbon Trust's Enhanced Capital Allowance (ECA) approved products list.

The ECA Scheme for Energy Saving Technologies was created to encourage environmentally proactive businesses to invest in plant or machinery which has been designed with energy efficiency in mind, and which has been recognised as such on the Carbon Trust's Energy Technology Product List (ETPL).

In real terms, this inclusion means businesses investing in the 400 and 500 kVA models of the Powerwave 6000 can offset 100% of the cost of the UPS against UK taxable profits; therefore potentially reducing the organisation's tax bill by 28% of the equipment cost.

A business pays corporation tax at the current rate of 23%, and claims a standard capital allowance at the 18% rate, every £1,000 ($1,530) spent on qualifying equipment would reduce its tax bill in the year of purchase by £230.

Loss-making companies can also receive a substantial tax benefit when purchasing ETL qualifying technologies, with Payable ECAs. Through this scheme the Government will reimburse the organisation the value of the ECA equipment, up to 19% of company's total loss for that year.