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Budget 2007
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
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Tax Free Mileage Allowances
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Higher Rate
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Lower Rate
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2007/08 &
2006/07 unchanged
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All cars
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40p
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25p
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Motorcycles
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24p
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24p
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Bicycles
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20p
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20p
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Business passengers
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5p
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5p
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Higher Rate allowed up to 10,000 business miles
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Fuel-only allowances for company cars
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Petrol
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Diesel
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LPG
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From 1.2.2007
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Up to 1400cc
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9p
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9p
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6p
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1401 - 2000cc
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11p
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9p
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7p
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Over 2000cc
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16p
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12p
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10p
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These figures may change more often than once a year.
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