TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Accelerated Capital Allowances

FA08 introduced a new measure of accelerated capital allowances for certain energy-efficient equipment. Sustainable Energy Ireland (SEI) opened the process for suppliers and manufacturers of energy efficient equipment to have their products included in a new tax incentive scheme.

The new scheme of accelerated capital allowances (ACA) should enable companies to write off the entire cost of a specified list of energy efficient equipment in the first year of purchase, making these products more financially attractive. SEI is now inviting manufacturers and suppliers of such equipment to submit details of their products for inclusion on the ACA Specified Products List. This list will then be used by businesses buying equipment to identify which products are eligible for the tax incentive.

The SEI press release is available at http://www.sei.ie/index.asp?locID=99&docID=1635.