Capital allowances
| Equipment & fixtures |
100% allowance on first £1m pa |
|
WDA 18% (6% on integral fixtures) |
| Motor cars |
FYA 100% (<=50g/km) WDA 6 / 18% (<=110gm/km) |
Cars and Fuel
| Car benefit |
Petrol |
Diesel |
| CO2 emission:- 0g/km |
0% |
0% |
| 1-50g/km |
14% |
18% |
| 51-54g/km |
15% |
19% |
| For every additional 5 grams |
+1% |
+1% |
| Maximum |
37% |
37% |
| Vans (inc pickups) |
£3,490 |
£3,490 |
| Car fuel benefit |
|
|
| Car benefit percentage times |
£24,500 |
£24,500 |
| Class 1a NIC |
13.8% |
13.8% |
| Vans |
£666 |
£666 |
Benefit % is 2% less for cars registered after 1 April 2020
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)
|
19 / 20 |
20 / 21 |
| SSP Standard rate |
94.25 |
95.85 |
| SMP/SPP Std rate |
148.68 |
151.20 |
| Higher rate (SMP) |
90% |
90% |
| Small employers pa |
£45,000 |
£45,000 |
| SMP compensation |
3% |
3% |
Corporation Tax
|
19 / 20 |
20 / 21 |
| All profits |
19% |
19% |