What is the Energy Technology Product List?
The Energy Technology Product List (ETL) is part of the UK Government’s Enhanced Capital Allowance Scheme, providing businesses investing in energy-efficient technology with 100% first-year capital allowances on eligible products. This is particularly beneficial for businesses with substantial Corporation Tax bills or those at a loss, potentially allowing them to receive government credits. Uninterruptible Power Supplies (UPS) are a key product category under this scheme; businesses must purchase an approved UPS model to qualify for tax benefits. PowerContinuity supplies a range of UPS models listed on the ETL and offers guidance on eligible products. For further details on the capital allowance scheme, including criteria and claiming procedures, businesses can refer to the GOV.uk website.
The Energy Technology Product List is part of the UK Government’s Enhanced Capital Allowance Scheme.
Businesses that invest in more efficient technology are eligible to receive incentives in the form of 100% first-year capital allowances. If a product is listed on the Energy Technology Product List (ETL), businesses can claim this allowance. This is especially advantageous for businesses with a significant Corporation Tax bill or those currently operating at a loss. In such cases, businesses may even receive a credit back from the government.
One technology category that falls under this scheme is Uninterruptible Power Supplies (UPS). To qualify for the capital allowance, businesses must purchase a UPS model that is on the approved list and adheres to the rules set by HM Revenue & Customs (HMRC). Once the UPS procurement and installation costs are incurred, businesses can submit claims for these expenditures. This provides additional benefits for businesses seeking reliable and efficient power backup solutions.
PowerContinuity, a reputable supplier, offers a diverse range of UPS models that are listed on the ETL. When requesting a quote from them, they can provide guidance on which specific UPS models qualify for the capital allowance. By choosing PowerContinuity, businesses can ensure uninterrupted power supply while optimizing tax savings.
For more detailed information on the capital allowance scheme, including eligibility criteria and claiming procedures, the GOV.uk website is a valuable resource. It offers comprehensive guidance on the Energy Technology Product List, allowing businesses to stay informed and up to date on the latest requirements and regulations associated with the scheme.
