Capital allowances
| Equipment & fixtures |
100% allowance on first £200,000pa |
|
WDA 18% (8% on integral fixtures) |
| Motor cars |
FYA 100% (<=50g/km) WDA 8 / 18% (<=110gm/km) |
Cars and Fuel
| Car benefit |
Petrol |
Diesel |
| CO2 emission:- up to 50g/km |
13% |
17% |
| 51-75g/km |
16% |
20% |
| 76-94g/km |
19% |
23% |
| For every additional 5 grams |
+1% |
+1% |
| Maximum |
37% |
37% |
| Vans (inc pickups) |
£3,350 |
£3,350 |
| Car fuel benefit |
|
|
| Car benefit percentage times |
£23,400 |
£23,400 |
| Class 1a NIC |
13.8% |
13.8% |
| Vans |
£633 |
£633 |
VAT scale charges
VAT scale charges are based on the CO2 emissions of the vehicle.
Inland Revenue Authorised Mileage Rates
|
10,000 miles |
Additional |
|
| Cars |
45p |
25p |
|
| Motor cycles |
24 |
24 |
|
| Bicycles |
20 |
20 |
|
Value Added Tax
| Rates |
|
Annual limits |
£ |
| Standard |
20% |
Registration |
85,000 |
| Reduced |
5% |
Flat-rate schemes |
150,000 |
Sick Pay/Maternity Pay(SSP/SMP)
|
17 / 18 |
18 / 19 |
| SSP Standard rate |
88.35 |
92.05 |
| SMP/SPP Std rate |
140.98 |
145.18 |
| Higher rate (SMP) |
90% |
90% |
| Small employers pa |
£45,000 |
£45,000 |
| SMP compensation |
3% |
3% |
Corporation Tax
|
17 / 18 |
18 / 19 |
| All profits |
19% |
19% |