Value Added Tax
Standard rate 17.5%
Reduced rate 5%
Annual Registration Limit - from 1.4.08
(1.4.07 - 31.3.08 £64,000) £67,000
Annual Deregistration Limit - from 1.4.08
(1.4.07 - 31.3.08 £62,000)
Standard rate 17.5%
Reduced rate 5%
Annual Registration Limit - from 1.4.08
(1.4.07 - 31.3.08 £64,000) £67,000
Annual Deregistration Limit - from 1.4.08
(1.4.07 - 31.3.08 £62,000)
Contents
Income Tax Rates
Individual Savings Accounts (ISA's)
Stamp Duty & Stamp Duty Land Tax
Company cars 2008/09 |
||
| CO2 emissions (gm/km) (round down to nearest 5gm/km) | % of car’s list price taxed | Fuel benefit (£16,900 x %) £ |
| up to 135 | 15 | 2,535 |
| 140 | 16 | 2,704 |
| 145 | 17 | 2,873 |
| 150 | 18 | 3,042 |
| 155 | 19 | 3,211 |
| 160 | 20 | 3,380 |
| 165 | 21 | 3,549 |
| 170 | 22 | 3,718 |
| 175 | 23 | 3,887 |
| 180 | 24 | 4,056 |
| 185 | 25 | 4,225 |
| 190 | 26 | 4,394 |
| 195 | 27 | 4,563 |
| 200 | 28 | 4,732 |
| 205 | 29 | 4,901 |
| 210 | 30 | 5,070 |
| 215 | 31 | 5,239 |
| 220 | 32 | 5,408 |
| 225 | 33 | 5,577 |
| 230 | 34 | 5,746 |
| 235 and above | 35 | 5,915 |
Company cars
- For diesel cars add a 3% supplement but maximum still 35%. Euro IV diesel cars registered before 1 January 2006 do not suffer the 3% supplement.
- Discounts apply to certain environmentally friendly cars.
- From 2008/09 a new 10% rate applies to non-electric cars with emissions of no more than 120gm/km. Environmentally friendly discounts do not apply to these cars but the diesel supplement does.
- For cars registered before 1 January 1998 the charge is based on engine size.
- The list price includes accessories and is subject to an upper limit of £80,000.
- The list price is reduced for capital contributions made by the employee up to £5,000.
Fuel benefit
- The fuel benefit charge is proportionately reduced if provision of private fuel ceases part way through the year.
- The fuel benefit is reduced to nil only if the employee pays for all private fuel.
Van benefit per vehicle |
|
| 2008/09 and 2007/08 | |
| Van benefit £3,000 Fuel benefit £500 |
|
| The charges will not apply if a ‘restricted private use condition’ is met throughout the year. |
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