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
Main capital allowances| Allowance % | |
| Plant and machinery | |
| - first year allowance for small businesses* | 50 |
| - first year allowance for medium businesses | 40 |
| - writing down allowance (6% on some long life assets) | 25 |
| - cars in general (max £3,000pa) | 25 |
| - certain energy efficient plant, including low emission cars | 100 |
| Industrial buildings writing down allowance | 4 |
| * (From 1.04.06 for companies; from 6.4.06 for income tax traders) | |