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TRIPLE E

MEMU LISTED ON TRIPLE E REGISTER

Posted on [addtoany]


The MEMU is now listed on the Triple E Register for Ireland. This means that it is eligible for Accelerated Capital Allowance.

The listing itself provides a short description of the MEMU product, but a full explanation of the MEMU can be found here.


What is the Triple E register?

The SEAI Triple E Products Register is a searchable list of energy efficient products. Products on this register all meet a minimum set of stringent energy efficiency criteria and typically will be of a best-in-class efficiency standard. As such, procuring against this register will provide you with the assurance that you are purchasing a product of very high efficiency.

Triple E sets minimum criteria that products are required to meet to be listed. For products, these criteria are regularly updated, and aim to ensure that only the top 10 – 15% most energy efficient products in any technology are listed.


Accelerated Capital Allowance scheme

The Accelerated Capital Allowance (ACA) is a tax incentive scheme that promotes investment in energy efficient products & equipment. The ACA is based on the long-standing ‘Wear and Tear Allowance’ for investment in capital plant and machinery, whereby capital depreciation can be compensated through a reduction in an organisation’s tax liability.

The ACA scheme allows a sole trader, farmer or company that pays corporation tax in Ireland to deduct the full cost of the equipment from their profits in the year of purchase. As a result, the reduction in tax paid by the organisation in that year is currently 12.5% of the value of capital expenditure. By contrast, the Wear and Tear Allowance provides the same tax reduction, but this is spread evenly over an eight-year period. (reference: SEAI)

For more information about the MEMU, Triple E register or the ACA scheme, email info@eeco2.com or call +44 (0) 1625 660717.

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