Dublin, 4th February 2010

The Accelerated Capital Allowance Scheme detailed in the Finance Bill, allows companies to buy energy efficient equipment and write off its full cost against corporation tax in the year of purchase.

Introduced in 2008, the Scheme has been expanded this year to include up to forty different technologies. All Irish business, large and small, can receive tax relief on equipment such as:

- Refrigeration and cooling systems
- Catering and hospitality equipment
- Electro-mechanical systems
- IT software and hardware
- Lighting
- Electric vehicles

Other categories of equipment such as certain wind turbines and solar photovoltaic technology are also eligible.

ENDS