Companies can write off 100% of the cost of EC Charging’s Electric Vehicle Chargers with SEAI Accelerated Capital Allowance(ACA).
About the ACA.
The Accelerated Capital Allowance (ACA) is a tax incentive which aims to encourage companies to invest in energy saving technology.
The ACA allows companies to write off 100% of the purchase value of qualifying energy efficient equipment against their profit in the year of purchase.
The ACA is based on the existing Capital Allowances tax structure (also referred to as Wear and Tear Allowance) for plant and machinery and is only applicable to eligible energy efficient equipment. Claiming the ACA is also carried out the same way as for the standard Capital Allowances.
How to claim the ACA in 3 steps.
The following information should only be considered a guideline on how to make a claim.
- Decide upon required piece of equipment.
- Ensure product is on the ACA specified list during relevant accounting period before purchasing.
- Claim the ACA for the purchased equipment on the company’s tax return form.
For more information you can download the ACA brochure here.
EC Charging’s approved ACA Products
View EC Charging’s (EVEO Solutions) approved ACA Products here.