‘Switch Distribution" is the supplier of CP Electronics PIR & Microwave Lighting Controls in Ireland which qualify for the Accelerated Capital Allowance’.
The Accelerated Capital Allowance (ACA) is a tax incentive which aims to encourage companies to invest in energy saving technology. The ACA allows companies to write off 100% of the purchase value of qualifying energy efficient equipment against their profit in the year of purchase.
Leading equipment suppliers and manufacturers such as Switch Distribution & CP Electronics PIR & Microwave Lighting Controls have submitted eligible equipment to the ACA . (a full list of these are available online on SEI’s website www.sei.ie/aca.
This novel scheme encourages businesses looking to reduce energy costs by investing in energy efficient equipment and enabling them to doubly benefit through the Accelerated Capital Allowances (ACA) tax incentive.
The ACA allows the full cost of the equipment to be deducted from taxable profit in year one, improving payback on investment and benefiting cash flow.
The ACA benefits all companies liable for corporation tax by:
- Encouraging & incentivising companies to purchase qualifying energy efficient equipment.
- A Year one reduction in tax liabilities and increasing cash flow.
- Sustainable reduction in energy costs on day one & throughout the life of the equipment.
- Providing for allowances to be carried forward if a company doesn't make profits in year one.
How to claim your tax back!
Equipment suppliers and manufacturers such as Switch Distribution & CP Electronics have submitted eligible equipment to the ACA . These are listed online on SEI’s website. Check out the list of eligible products on www.sei.ie/aca , and claims can be proccessed through the revenue commissioners.
