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Contributed by ACCA, in their own words

New legislation will extend the list of energy-saving and environmentally beneficial technologies and products that benefit from enhanced capital allowances.

Legislation will be introduced in the Finance Act 2014 to update the list of technologies and products eligible for enhanced capital allowances.

Businesses purchasing designated plant and machinery on energy-saving and environmentally beneficial (water-efficient) technologies can claim capital allowances of 100% of the expenditure.

The list of qualifying technologies is regularly updated and legislation will be introduced in the Finance Act 2014 to update the list of technologies and products eligible for enhanced capital allowances.

It is intended that the list will be extended to include:

  • active chilled beams
  • desiccant air dryers with water-saving controls.

The water-efficient scheme will also be amended to clarify the qualifying criteria.