| Simple tax solution |
| Wednesday, 24 September 2008 00:00 | |||
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The Simple Intelligent Power Management (Simple IPM) solution from LS has become the first comprehensive structured cabling system in the world to be eligible for enhanced tax relief under the UK Enhanced Capital Allowance Scheme (ECA). Enhanced Capital Allowances enable a business to claim 100% first-year capital allowances on their spending on qualifying plant and machinery.Paul Eo, regional manager Europe for LS Simple explains: “In addition to the massive ongoing savings that can be achieved by installing IPM, the ECA accreditation means that through the 30% enhanced tax refund businesses will see an accelerated return on investment.
“To demonstrate the advantages of the Simple IPM solution we are offering free trials to any company that wants to judge the benefits.” Simple IPM, is a solution that collects information and allows effective management to a micro level, within individual cabinets. Its real-time monitoring and appetite for operational data provides managers with information. With this information, intelligent and safe decisions can be made and will give a reduction in the power used in data centres of up to 30% or even more.† In a typical 500 rack data centre consuming 4,150 kilowatts this can equate to some £2 million. The whole capital cost of investing in a Simple IPM solution can now be written off against taxable profits of the tax period during which the investment was made. The general rate of capital allowances for spending on plant and machinery is 20% a year on the reducing balance basis.
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