Neil Westwood & Co.

 

Chartered Accountants

 

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Tax Rates 2010/11
Introduction
Income Tax
Capital Gains Tax
Corporation tax
Main Capital Allowances
VAT
Inheritance Tax
Vehicle Benefits
Mileage Allowances
NI Contributions
Key Dates and Deadlines
Pension Premiums
Charitable Giving
Savings & Investment
Some Useful Rates
Stamp Taxes

Capital Allowances

Plant and Machinery:

Energy saving and environmentally beneficial equipment, zero and low CO2 emission (up to 110 g/km) cars, new zero emission vans, natural gas/hydrogen refuelling equipment:  first year allowance (FYA)100%  
Annual investment allowance (AIA) – on first £100,000 of investment (excludes cars and other expenditure already qualifying for 100% FYA)100%*
Writing down allowance on expenditure not qualifying for AIA or FYA: 
    Long-life assets, integral features of buildings, cars over 160g/km10%*
    Other plant and machinery20%*
    Industrial and agricultural buildings and hotels (on building cost)  1%*
Enterprise Zone allowance, conversion of parts of business premises into flats, business premises renovation: max initial allowance100%  

 

 

 

 

 

* Transitional rules may apply





 

Neil Westwood & Co.

101 Dixons Green Road, Dudley

West Midlands, DY2 7DJ