Home
People & History
Services
Practice News
News
Newsletters
Key Dates
Tax facts
Tax Calculators
Contact Us
Useful Sites
Statutory Accounts Management Accounts Corporate  Taxation Personal Taxation
Tax Advice Tax Enquiries Payroll (including Bacs) VAT
Cash Flow & Forecasting CIS Monthly Returns Consultancy Company Formations
Tax Facts
 
Summer Budget 2010

Introduction

Main Income Tax Reliefs

Income Tax Rates and Bands

Car Benefit Assessment

Tax Free Mileage Allowances

NI Contributions

Pension Contributions

Inheritance Tax

Important Annual Limits

Value Added Tax

Capital Gains Tax

Corporation Tax

Main Capital Allowances

Stamp Duty and SDLT

Payment Dates for Tax

 

Back


 Main Capital Allowances


 
Allowance %
Plant and machinery  
- annual investment allowance £100,000* 100
- certain energy efficient plant, including low emission cars 100
- writing down allowance: general pool 20
- writing down allowance: special rate pool 10
*£50,000 to 31.3.10 (companies) or 5.4.10 (income tax traders)
 
The special rate pool includes long life assets, integral plant in buildings, thermal insulation and cars with CO2 emissions over 160g/km. The general pool contains other plant and machinery.
 
The old system of cheap/expensive cars has been abolished, but transitional rules cover existing expenditure before April 2009.
 
Industrial building allowances are being phased out: 4% in 2007/08; 3% in 2008/09; 2% 2009/10; 1% 2010/11; nil thereafter.


email: info@davidcutter.co.uk
Tel: 0121-550-8525   Fax: 0121-585-7341
2 Lyttleton Court | Birmingham Street | Halesowen | West Midlands | B63 3HN
DIRECTORS:     PAUL CUTTER BA(Hons), ACA
  KATE JONES BA(Hons), FCCA, ACA
   
DAVID CUTTER & CO IS A TRADING NAME OF CUTTER & CO LIMITED
COMPANY NUMBER: 07252989
A MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES