Budget 2010


Introduction

Main Income Tax reliefs

Income Tax Rates and bands

Car Benefit Assessment

Tax Free Mileage Allowances

National Insurance Contributions

Pension Contributions

Inheritance Tax

Important Annual Limits

Value Added Tax

Capital Gains Tax

Corporation Tax

Main Capital Allowances

Stamp Duty & Stamp Duty Land Tax

Earliest due dates for payment of tax

Tax free mileage allowances


  Higher Rate Lower Rate
  2010/11 & 2009/10
All cars 40p 25p
Motorcycles 24p 24p
Bicycles 20p 20p
Business passengers 5p 5p
 
Higher Rate allowed up to 10,000 business miles.
 
Fuel-only allowances for company cars
 
  Petrol Diesel LPG
From 1.12.2009
Up to 1400cc 11p 11p 7p
1401 - 2000cc 14p 11p 8p
Over 2000cc 20p 14p 12p
 
These figures may change more often than once a year.