Taxing decisions
Series: Building Services Journal ; November 2000, 45-46(2)Publication details: 2000Subject(s): Summary: Examines how the climate change levy and enhanced capital allowances will impact on the construction industry. The climate change levy will be paid by all UK businesses and public sector organisations via their energy bills, with notable exemptions and discounts. Energy savings will be generated by enhancing the economics of investment in energy efficiency, and encouraging participation in agreements to save energy. Businesses will be able to claim enhanced capital allowances on provision of plant and machinery, although equipment will need to satisfy energy efficiency criteria, and buildings cannot benefit from allowances. To start with, enhanced capital allowances will be available on: boilers; pipe insulation; lighting; combined heat and power; motors; variable speed drives; thermal screens; refrigeration. The criteria has been developed by DETR and full details are available on: www.eca.gov.uk. For further information about the climate change levy visit: http://www.environment.detr.gov.uk/climatechange/cclevyeea/index.htm. This abstract appeared in CSM January 2001 as ABS63244.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63244 (Browse shelf(Opens below)) | 1 | Available | 109505-1001 |
Examines how the climate change levy and enhanced capital allowances will impact on the construction industry. The climate change levy will be paid by all UK businesses and public sector organisations via their energy bills, with notable exemptions and discounts. Energy savings will be generated by enhancing the economics of investment in energy efficiency, and encouraging participation in agreements to save energy. Businesses will be able to claim enhanced capital allowances on provision of plant and machinery, although equipment will need to satisfy energy efficiency criteria, and buildings cannot benefit from allowances. To start with, enhanced capital allowances will be available on: boilers; pipe insulation; lighting; combined heat and power; motors; variable speed drives; thermal screens; refrigeration. The criteria has been developed by DETR and full details are available on: www.eca.gov.uk. For further information about the climate change levy visit: http://www.environment.detr.gov.uk/climatechange/cclevyeea/index.htm. This abstract appeared in CSM January 2001 as ABS63244.