budget report 2011

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Main Capital and Other Allowances

2011/12
Plant & machinery 100% annual investment allowance (first year) £100,000
Plant & machinery (reducing balance) pa
 20%
Patent rights & know-how (reducing balance) pa
 25%
Certain long-life assets, integral features of buildings (reducing balance) pa
 10%
Energy & water-efficient equipment 100%
Zero emissions goods vehicles (new)
 100%
Qualifying flat conversions, business premises & renovations 100%
 
Motor cars: Expenditure on or after 1/4/09 (corporation tax) or 6/4/09 (income tax)
CO2 emissions of g/km: 
110 or less* 111-160 161 or more
Capital allowance: 100%
first year		 20%
reducing balance		 10%
reducing balance
 
* If new, not secondhand.
 
Research & Development: Capital expenditure 100%
  Revenue expenditure:
- small/medium-sized companies
- large companies		 200%
130%

Budget Summary

  1. Capital taxes
  2. Charities
  3. Miscellaneous
  4. National insurance contributions
  5. Personal and trust taxation
  6. Value added tax (VAT)

Tax Tables

  1. Basic State Pension
  2. Capital Gains Tax
  3. Car Benefit For Employees
  4. Company Cars
  5. Corporation Tax
  6. Fuel Benefit
  7. Income Tax
  8. Individual Savings Accounts (ISAs)
  9. Inheritance Tax
  10. Main Capital and Other Allowances
  11. Main Due Dates for Tax Payment
  12. Main Personal Allowances and Reliefs
  13. National Insurance Contributions
  14. Registered Pensions
  15. Stamp Duties
  16. Tax-Free Mileage Allowance
  17. Value Added Tax