Is your company eligible?
The 2008 Finance Act (p70-72) outlines restrictions on who is eligible for the ACA. For definitive information, please contact the Irish Revenue Commissioners directly and refer to the Revenue ACA Tax Briefing.
Detailed below is a general guideline summary of the Finance ACT's eligibility requirements for companies who wish to claim the ACA.
- Be a company operating in Ireland
- Pay Irish corporation tax
- The equipment purchased is new
- The equipment was bought on or after 31 January 2008
- The ACA can be claimed for the accounting period in which the equipment was first provided and used for its trade provided that the equipment is included on the published list at some stage during that accounting period
- The equipment was bought for use in a trade
- The equipment is not leased, let or hired to any person
- Expenditure on a class of technology must, at the end of the accounting period, be equal to or exceed the minimum amounts for each class of technology as set out in the legislation (see table below). Note: Minimum expenditure can be over a range of projects, procurements etc as it only relates to overall company expenditure on BEMS technologies in the accounting period.
| CATEGORY | MIN. REQUIRED EXPENDITURE |
| Building Energy Management Systems | €5,000 |
| Lighting and Lighting Controls | €3,000 |
| Motors and Variable Speed Drives | €1,000 |
| Information and Communications Technology (ICT) | €1,000 |
| Heating and Electricity Provision | €1,000 |
| Process and Heating, Ventilation and Air-conditioning (HVAC) Control Systems | €1,000 |
| Electric and Alternative Fuel Vehicles | €1,000 |
| Refrigeration and Cooling | €1,000 |
| Electromechanical Systems | €1,000 |
| Catering and Hospitality | €1,000 |
* This scheme is not open to any non-profit-earning organisations, e.g. charities and government organisations. Nor is it open to sole traders or partnerships.
