Untitled Document

Budget 2009

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 (3/23 of VAT-inclusive price)		15%
Registration level from 1.5.09		£68,000 per annum
Deregistration level from 1.5.09		£66,000 per annum
Standard rate rises to 17.5% on 1.1.10
Scale Charges (from 1.5.09)
The scale charges for private use of business fuel change are based on the CO2 emissions rating of the car. A different charge will apply for each 5g/km increase between 135g/km and 235g/km (max). For a 3 month period:
120 or less	£109.57 net	£16.43 VAT
121-135	164.35 net	24.65 VAT
rising per 5g/km by approx*	11.00 net	1.65 VAT
235 or above	383.48 net	57.52 VAT
* exact figures must be obtained from full table. Rates will rise on 1.1.10 when the standard rate reverts to 17.5%.