LED Legislation & Information

EU agrees to improve energy efficiency 30% by 2030

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The 2030 policy framework for climate and energy proposed by the European Commission aims to make the European Union’s economy and energy system more competitive, secure and sustainable.

While the EU is making good progress towards meeting its climate and energy targets for 2020, an integrated policy framework for the period up to 2030 is needed to ensure regulatory certainty for investors and a coordinated approach among Member States.

The framework presented by the European Commission in January 2014 seeks to drive continued progress towards a low-carbon economy. It aims to build a competitive and secure energy system that ensures affordable energy for all consumers, increases the security of the EU’s energy supplies, reduces our dependence on energy imports and creates new opportunities for growth and jobs.

EU leaders agreed in March 2014 to decide on the framework in October 2014 at the latest.

 

First year allowances for Energy Saving LED Lighting

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The Enhanced Capital Allowance (ECA) Scheme is a key part of the Government’s programme to manage climate change. It provides businesses with enhanced tax relief for investments in equipment that meets published energy-saving criteria. 

For more information
visit Her Majesty’s Revenue and Customs website at
http://www.hmrc.gov.uk/manuals/camanual/CA23100.htm

Claim 100% first year capital allowance on your LED Lighting.

The Enhanced Capital Allowance (ECA) scheme is a key part of the Government’s programme to manage climate change, and is designed to encourage businesses to invest in energy-saving equipment.

The Enhanced Capital Allowance (ECA) scheme enables businesses to claim 100% first year capital allowance on investments in LED Lighting, against the taxable profits of the period of the investment. All businesses that incur qualifying spending can claim ECAs. ECAs bring forward the time that capital allowances are available for spending on LED Lighting thereby providing a cash flow advantage.

 

Reference:

http://www.hmrc.gov.uk/capital-allowances/fya/water.htm

https://etl.decc.gov.uk/etl/site/about.html