The Water Technology List
The Water Technology List (WTL) is managed by AEA on behalf of Defra and HMRC. It promotes technologies and products that encourage sustainable water use and rewards businesses for investing in them through the Enhanced Capital Allowance (ECA) scheme.
The WTL includes defined water saving criteria for each technology area and products that have met the criteria. Purchasing products from the list will help businesses save money in the short and long term by reducing water use and improving water quality.
The Enhanced Capital Allowance Scheme
The ECA scheme allows businesses in the UK to write off the entire cost of the equipment against taxable profits of the year of purchase. This can provide a boost in cash-flow and an incentive to invest in sustainable water products.
All businesses are now able to claim ECAs, irrespective of size, industrial or commercial sector or location.
Capital allowances and ECAs are claimed in a business’s tax return. For tax purposes, your business also needs to keep records of the purchase of products and systems, including water efficient products, which are eligible for the ECA.
To understand how ECAs will affect your business, please either contact your own tax advisor or visit HM Revenue & Customs website at www.hmrc.gov.uk/manuals/camanual/CA23100.htm
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Below are the products we have that are on the Water Technology List and which qualify for the ECA Scheme