Cut down your tax bill by using Miele Washing Machines

Water Technology List

The Water Technology List (WTL) promotes technologies and products that encourage sustainable water use and rewards businesses for investing in them.

Boost cash flow with our machines listed on the Water Technology List

What is the Water Technology List?

What is the Water Technology List (WTL)?

Find Out How Businesses Can Save Money with our Machines

Equipment, such as commercial washing machines, purchased on the WTL offers businesses a tax benefit through the Enhanced Capital Allowance (ECA) water scheme and makes the outright purchase more affordable. It does this by allowing businesses of all sizes and sector to claim back 100% of the purchase cost right away allowing for enhanced cash flow for your business. *

Miele is pleased to say that we have 15 commercial washing machines on the WTL and are eligible for ECA.

The WTL was set up in 2003 to incentivise UK businesses to invest in water efficient products and systems. It does this because the ECA allows an organisation to offset the cost of purchasing eligible plant and machinery against its taxable profits.

*Money can be claimed back against taxable income within the same period of purchase

Find out How Businesses Can Save Money with our Machines and the Enhanced Capital Allowance Scheme (ECA)

Investing in any product on the WTL not only offers savings on water bills but also a tax incentive to all UK businesses that pay income or corporation tax as it lets businesses claim 100% of the equipment price in the same year in which they make the purchase.

The Water Technology List and ECA schemes are so important and they offer considerable cash savings to businesses compared to other capital allowances that a business can claim. If a business bought a washing machine that wasn’t on the WTL and claimed standard capital allowances, it could take many years for a company to see the tax savings. However, the washing machines on the WTL and eligible for ECA’s enable businesses to claim 100% of the equipment price, in the same year in which they make the purchase - therefore boosting a business’ cash flow considerably.

A business will claim these tax benefits through your income tax self-assessment of your corporation tax self-assessment return.

More about the enhanced capital allowance (ECA) scheme and what does this mean for my business

The Enhanced Capital Allowance (ECA) scheme for water technology allows businesses to invest in water-efficient plant and machinery and write the cost off against tax. This can bring significant financial savings and reduce an organisation’s impact on the environment. Products on the WTL will help businesses save money in the short and long term by reducing water use and improving water quality.

All profit-making companies, regardless of sector or size, can save money when they purchase water efficient products that are on the water technology list:

Assuming your business pays tax at 20% corporation tax rate in the year of investment:

  • Enhanced capital allowances can reduce a tax bill by £20 for every £100 spent

 

 

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