Water Technology List
We have long been aware that Miele Professional Washing Machines have the industries lowest water consumption and therefore the lowest running costs; this has now been acknowledged by their inclusion on the Government-backed Water Technology List.
Having successfully met the criteria to enable Enhanced Capital Allowance claims, this means that owning a Miele Commercial Washer is now even more cost effective.
The Enhanced Capital Allowance Scheme
The Enhanced Capital Allowance (ECA) scheme allows UK businesses to write off the whole cost of the equipment against taxable profits of the year of purchase. This can provide a cash flow boost and an incentive to invest in sustainable water products.
Loss-making companies can realise the tax benefit of their investment in Water Technology List (WTL) qualifying technologies with ECA first-year tax credits by surrendering losses attributable to ECAs in return for a cash payment from the Government.
All businesses are now able to claim ECAs, regardless of size, industrial or commercial sector or location.
Capital allowance’s and ECAs are claimed in a business’s tax return. For tax purposes, our business also needs to keep records of the purchase of products and systems, including water efficient products, which are eligible for the ECA.
To understand how ECAs will affect your business, please either contact your own tax advisor or visit HM Revenue & Customs website. http://www.hmrc.gov.uk/capital-allowances/fya/water.htm
All Miele Profitronic Washing Machines Are Eligible and on the Water Technology List
From the 5.5kg Miele PW6055 through to the 32kg PW6321 all of Mieles Profitronic washing machines are eligible to take advantage of this scheme; to find out more about these machines visit our dedicated pages by clicking here
To find out more about how we can help you save money on your laundry running costs please call us on 01243 555525 or email sales@allsopandfrancis.co.uk