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

Main capital allowances Allowance % Plant and machinery   - first year allowance for small/medium businesses 40 (50% pre 6.4.05 for small businesses subject to income tax, pre 1.4.05 for small companies)   - writing down allowance (6% on some long life assets) 25 - cars in general (max £3,000pa) 25 - certain energy efficient plant, including low emission cars 100 Industrial buildings writing down allowance 4