Budget 2005 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 & 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 01.4.05 £60,000 per annum Deregistration level from 01.4.05 £58,000 per annum Scale Charges (from 1.5.05)   Monthly Quarterly Annual Petrol Up to 1400cc £82 £246 £985 1401-2000cc 103 311 1,245 Over 2001cc 152 457 1,830 Diesel Up to 2000cc 78 236 945 Over 2001cc 100 300 1,200 The VAT payable is 7/47 of these figures, which are VAT inclusive.