Jet boost to cash flow
09/01/2012 Mitsubishi Electric Europe
The Jet Towel high performance hand dryer from Mitsubishi Electric has been registered for the government's Enhanced Capital Allowances (ECAs), so will improve users' cash flow through accelerated tax relief.The ECA Scheme for Energy Saving Technologies encourages businesses to invest in energy-saving plant or machinery specified on the Energy Technology List (ETL), managed by the Carbon Trust on behalf of Government. Only equipment that can prove significant energy advantages is accepted onto the scheme
Unlike conventional hand dryers, Jet Towel uses precision jets to generate a thin laminar flow of air over the wet hands, to blow the water droplets off the finger tips and into a drain tank. Energy savings of 70 per cent are made because far less air is moved and it does not have to be heated to evaporation temperatures.
Additional environmental gains are made because there is no production, distribution and disposal of paper towels.
"Hand drying can be a major hidden energy cost, even for small organisations," says Jet Towel Manager Fawn Litchfield. "Jet Towel offers probably the best way to control this, and has many other benefits too. For instance drying time is about 10 seconds, a quarter that of hot air dryers. It is non-contact and as the moisture is collected rather than evaporated, the likelihood of microbial transfer between members of staff is reduced significantly.
"Also they look so stylish and are guaranteed to make users smile. Everyone loves them, and this reflects back on corporate perceptions."
The ECA scheme allows businesses to write off the whole cost of the equipment against taxable profits in the year of purchase. This can provide a cash flow boost and an incentive to invest in energy-saving equipment.
As an example if a business pays corporation or income tax at 28%, every £1,000 spent on qualifying equipment would reduce its tax bill in the year of purchase by £280. In contrast, for every £1,000 spent, the generally available capital allowance for spending on plant and machinery would reduce your business's tax bill in the year of purchase by £56. In other words, an ECA can provide a cash flow boost of £224 for every £1,000 it spends.
Further information on how to do this can be found at the ECA scheme website at
"Also they look so stylish and are guaranteed to make users smile. Everyone loves them, and this reflects back on corporate perceptions."
The ECA scheme allows businesses to write off the whole cost of the equipment against taxable profits in the year of purchase. This can provide a cash flow boost and an incentive to invest in energy-saving equipment.
As an example if a business pays corporation or income tax at 28%, every £1,000 spent on qualifying equipment would reduce its tax bill in the year of purchase by £280. In contrast, for every £1,000 spent, the generally available capital allowance for spending on plant and machinery would reduce your business's tax bill in the year of purchase by £56. In other words, an ECA can provide a cash flow boost of £224 for every £1,000 it spends.
Further information on how to do this can be found at the ECA scheme website at www.eca.gov.uk/etl/claim
For further information, please contact Amaechi Oduah:
Mitsubishi Electric Europe B.V. Automation Systems Division, Travellers Lane, Hatfield, Hertfordshire AL10 8XB Tel: 01707 276100 Fax: 01707 278695 Web: http://automationsolutions.mitsubishielectric.co.uk Email: automation@meuk.mee.com
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