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

Main capital allowances Allowance % Plant and machinery   - annual investment allowance £50,000 100 - certain energy efficient plant, including low emission cars 100 - first year allowance for qualifying expenditure in 2009/10 40 - writing down allowance: general 20 - writing down allowance: long life assets 10 - WDA: features integral to a building 10 - cars with CO2 rating up to 160g/km * 20 - cars with CO2 rating over 160g/km * 10   * these rules apply to cars purchased on/after 1 April/6 April 2009. The old system of cheap/expensive cars has been abolished, but transitional rules cover existing expenditure. Industrial building allowances are being phased out: 4% in 2007/08; 3% in 2008/2009; 2% 2009/10; 1% 2010/2011; nil thereafter.