There is a special exemption for householders first announced in the pre-budget report 2009. Under this exemption the tariffs received for energy produced under the FITs (both the generation and the export tariff) are exempt from income tax provided that the households: use renewable technology to generate electricity. .
There is no equivalent exemption for business users, who therefore have to declare the income from FITs installations as part of their taxable revenue. Companies can receive. .
Tariff-eligible installations can be undertaken by companies supported by Venture Capital Trusts (VCTs) or financed under the Enterprise. .
Some types of renewable energy installation were available for Enhanced Capital Allowances (ECAs), but the Treasury intends to remove all technologies eligible for FITs and the RHI from the ECA scheme. [pdf]
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