Important Announcement - WTL: Water Technology List
WTL: Saving Water, Saving you Money, Helping the Planet. The Water Technology List. We're on it.
If you are considering purchasing new equipment to help you reduce water use, why not make it sustainable? Not only saving you water but also saving you money. Morclean are proud to announce that several of our products are now included on the Water Technology List, thus qualifying for the Enhanced Capital Allowance Scheme.
What are Enhanced Capital Allowances?
Enhanced Capital Allowances (ECAs) are a type of First Year Allowances (FYAs) which reward businesses that invest in environmentally beneficial equipment. Compared to normal Capital Allowances, First Year Allowances allow a greater proportion of the cost of an investment to qualify for tax relief against a business’s profits for the period during which the investment is made. The ECA scheme provides 100% FYA and lets businesses set the whole of their expenditure on designated equipment against their taxable profits for the period during which the investment is made and can provide a helpful cash-flow boost.
What does the Water Technology List logo signify?
If a product meets the criteria listed on the ECA-Water website it is added to the Water Technology List (WTL) and the supplier will be able to use the WTL brand in their promotion of that product.
If you’re a business that pays income or corporation tax, you’ll be able to claim 100% of the cost of an asset if it’s on the Water Technology List at the time of purchase – that means you can deduct its full cost from your profits, before tax.
Morclean are proud to be a part of the Water Technology Programme with two of our loflow machines on the WTL, featuring water reclaim and low emissions, saving you water and money.
More details to follow soon.
To find out more about WTL and how it can reduce water use and save money within your company, please visit the Water Technology List website HERE or contact us at Morclean to see how the WTL affects our products and in turn, helps you help your pocket, and the planet.
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What are Enhanced Capital Allowances?
Enhanced Capital Allowances (ECAs) are a type of First Year Allowances (FYAs) which reward businesses that invest in environmentally beneficial equipment. Compared to normal Capital Allowances, First Year Allowances allow a greater proportion of the cost of an investment to qualify for tax relief against a business’s profits for the period during which the investment is made. The ECA scheme provides 100% FYA and lets businesses set the whole of their expenditure on designated equipment against their taxable profits for the period during which the investment is made and can provide a helpful cash-flow boost.
If a product meets the criteria listed on the ECA-Water website it is added to the Water Technology List (WTL) and the supplier will be able to use the WTL brand in their promotion of that product.
More details to follow soon.
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