Budget 2006


Introduction

Main Income Tax reliefs

Income Tax Rates and bands

Car Benefit Assessment

Tax Free Mileage Allowances

National Insurance Contributions

Pension Contributions

Inheritance Tax

Value Added Tax

Capital Gains Tax

Corporation Tax

Main capital allowances

Stamp Duty & Stamp Duty Land Tax

Earliest due dates for payment of tax

Value Added Tax


Standard rate (7/47 of VAT-inclusive price) 17.5%
Registration level from 01.4.06 £61,000 per annum
Deregistration level from 01.4.06 £59,000 per annum
Scale Charges (from 1.5.06)
  Monthly Quarterly Annual
Petrol
Up to 1400cc £91 £273 £1,095
1401-2000cc 115 346 1,385
Over 2001cc 169 508 2,035
Diesel
Up to 2000cc 86 260 1,040
Over 2001cc 110 331 1,325
The VAT payable is 7/47 of these figures, which are VAT inclusive.