Budget 2003


Introduction

Main Income Tax Reliefs

Income Tax Rates and Bands

Car Benefit Assessment

Tax Free Mileage Allowances

National Insurance Contributions

Personal Pensions and Retirement Annuity Premiums

Inheritance Tax

Value Added Tax

Capital Gains Tax

Corporation Tax

Main Capital Allowances

Stamp Duty

Earliest due dates for payment of tax

Main Capital Allowances


Allowance %
Plant and machinery  
- first year allowance for small or medium businesses 40
- writing down allowance (6% on some long life assets) 25
- computers for small businesses (to 31.3.04) 100
- cars in general (max £3,000pa) 25
- certain energy efficient plant, including low emission cars 100
Industrial buildings writing down allowance 4