Accelerated Capital Allowances Scheme for Energy Efficient Equipment
A tax incentive for companies paying corporation tax is in place in the form of Accelerated Capital Allowances for Energy Efficient Equipment. Since 2008, this scheme has been allowing companies to write off 100% of the purchase value of qualifying energy efficient equipment against their profit in the year of purchase. The scheme supports the purchase of BEVs, PHEVs, hybrid vehicles and the associated charging equipment.
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