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Keep Your Machinery

The Government continues to encourage businesses to invest in more energy efficient machinery using capital allowances.  From 11 August 2008 a new definition of energy saving machinery will be used as part of the scheme to give companies 100% capital allowance on approved items of plant and machinery.

 

Details of all the approved products qualifying for enhanced capital allowances can be found on the “Energy Technology Criteria List” and the “Energy Technology Product List” through the HMRC or DEFRA websites.  These lists were replaced by new extended lists issued by the Secretary of State for the Environment, Food and Rural Affairs on 16 July 2008.