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

Value Added Tax Standard rate (7/47 of VAT-inclusive price) 17.5% Registration level from 01.4.07 £64,000 per annum Deregistration level from 01.4.07 £62,000 per annum Scale Charges (from 1.5.07) The scale charges for private use of business fuel change to be based on the CO2 emissions rating of the car. A different charge will apply for each 5g/km increase between 140g/km (min) and 240g/km (max). For a 3 month period: 144 and below £154.89 net £27.11 VAT rising per 5g/km by approx* 10.38 net 1.82 VAT 240 or above 362.55 net 63.45 VAT * exact figures must be obtained from full table.