Environmental firms seek better deal on tax

Environmental engineering companies yesterday called on chancellor Gordon Brown for tax incentives for green technology. The Environmental Industries Commission – made up of 190 green technology suppliers – wants accelerated depreciation allowances on innovative environmental technologies, bringing forward rather than increasing the depreciation that can be claimed against tax. `This will cost the Treasury very […]

Environmental engineering companies yesterday called on chancellor Gordon Brown for tax incentives for green technology.

The Environmental Industries Commission – made up of 190 green technology suppliers – wants accelerated depreciation allowances on innovative environmental technologies, bringing forward rather than increasing the depreciation that can be claimed against tax. `This will cost the Treasury very little,’ said Adrian Wilkes, EIC director. He said that the export potential of environmental technology industry was being held back by weak domestic demand.

According to figures from the EIC, Britain spends 1% of GDP on pollution control, compared with 2% in Germany and 2.3% in the Netherlands.