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 for Energy Efficient Equipment – S.I. No. 214 of 2010

Section 44 Finance Act 2010 amends Schedule 4A TCA 1997 to allow for three additional classes of technology to qualify for the capital allowances scheme for energy efficient equipment. The Minister for Communications, Energy and Natural Resources, in exercise of the powers conferred on him by section 285A TCA 1997 with the approval of the Minister for Finance, has made the above Order.

The effect of this Order is to update the energy efficient products whose capital cost will be eligible for accelerated capital allowances and to update the energy efficiency criteria used to determine eligibility for inclusion on those product lists.