GDPA, brand owner of Lec Commercial and Burco, has urged customers to make the most of a government-subsidised equipment buying scheme while it is still in place.
The Enhanced Capital Allowance Scheme (ECA) is designed to promote the purchase of energy-saving products, offering businesses tax breaks on any accredited equipment they buy.
GDPA reckons customers which purchase its range of ‘efficienC’ bottle coolers, which are fully compliant with the scheme, can offset the full cost of their investment in first year capital allowances.
GDPA’s marketing chief, Jon Usher, says the programme can offer businesses an added cash flow boost but warns it is very much a case of ‘use it or lose it’.
“Businesses need to act fast, as growing government cut-backs make the future of the scheme uncertain and may mean it could be withdrawn at any time,” he said.
Usher encourages companies to make the most of the scheme, pointing out that an investment of £10,000, for example, could see a business reduce its corporation tax liability to the tune of £2,800 in the first year by offsetting 100% of the investment value instead of the 20% standard capital allowance usually allowed.
“It pays to consider potential tax savings and running costs when choosing new refrigeration and not simply the cheapest,” he says. “Businesses looking to invest in our ECA-compliant bottle cooling equipment really do have a win-win opportunity.”