Tax Rates And Allowances
In this document you will find:
- Capital Allowances
- Capital Gains Tax
- Car And Fuel Benefits
- Charitable Gifts
- Corporation Tax
- Fuel Rates
- Income Tax Allowances
- Income Tax Bands & Rates
- Individual Savings Accounts
- Inheritance Tax
- Key Tax Dates
- Minimum Wage
- National Insurance
- Pension Premiums
- Social Security Benefits
- Stamp Duty
- Tax Credits & Child Benefit
- Tax Free Mileage Allowances
- Tax Shelters
- Value Added Tax
- Van Benefits
Capital Allowances
| Allowance 2011/12 | |
| Plant and machinery | |
|---|---|
| Main rate pool: - expenditure up to £100,000 - First Year - expenditure over £100,000 - subsequent years writing down allowance |
100% (1) 20% 20% |
| Special rate pool (long life assets, integral features): - expenditure up to £100,000 - First Year - expenditure over £100,000 - First Year - subsequent writing down allowance | 100% (1) 10% 10% |
| Energy saving plant and machinery | 100% (2) |
| Motor cars | |
| New cars with CO2 emission not exceeding 110gm/km | 100%(3) |
| Cars with C02 emission over 160gm/km - writing down allowance | 10% (3) |
| Cars with C02 emission of 160gm/km or less (added to main plant pool) - writing down allowance | 20% (3) |
| Cars acquired prior to April 2009 - writing down allowance | 20% - max £3,000 (3) |
| Research & development | |
| Large Companies | 130% |
| SME's | 200% (2010/11 - 175%) |
| Intangible assets for companies | Amortisation per accounts or 4% |
| Disadvantaged Areas Business Premises Renovation allowance | 100% |
2010/11 rates are shown where different.
Capital allowances write off the cost of capital assets against taxable profits. They are used instead of the depreciation in the accounts, which is not allowable as a tax deduction.
(1) For accounting periods shorter or longer than 1 year the £100,000 limit is pro-rata. There is a single £100,000 AIA limit for groups of companies and there is "anti-fragmentation" rules for "related" companies and businesses under common control. The AIA limit can be allocated between companies as they wish.
(2) Companies that make losses attributable to 100% first year allowances on designated energy saving or environmentally beneficial plant and machinery can surrender the loss in exchange for the first year tax credit equal to 19% of the loss surrendered subject to a maximum of the greater of £250,000 or the company's total PAYE and NIC liability for the period concerned.
(3) The distinction between cars that cost more and less than £12,000 ended on 1 April 2009 for companies and 6 April 2009 for unincorporated businesses. From this date cars will be put into one of two general plant pools, those over 160g/km added to a special rate 10% pool and those at or below 160gm/km will go into the main plant pool. Cars with private usage will still be held in individual pools but the rate determined by these criteria. For expenditure on cars before April 2009, there is a 5 year transitional period where they will continue to be subject to the existing expensive car rules. Prior to these dates there was a 20% writing down allowance subject to a maximum of £3000p.a.
Future changes
From 1 April 2012 for Companies and 6 April 2012 for unincorporated businesses, the plant and machinery writing down allowance for the main rate will pool will fall to 18% and the special rate pool will fall to 8%. At the same time the annual investment allowance will reduce from £100,000 to £25,000.
Capital Gains Tax
| Annual exempt amount | 2011-12 (£) | 2010-11 (£) |
| Individuals etc* | 10,600 | 10,100 |
| Other trustees (spread between each trust) | 5,300 | 5,050 |
*Individuals, trustees of settlements for the disabled, and personal representatives of the estate of a deceased person.
| 2011-12 (£) | 2010-11 (£) | |
| Standard Rate of tax | 18% | 18% |
| Higher rate from 23 June 2010** | 28% | 28% |
| Entrepreneurs' Relief - effective rate | 10% | 10% |
| Entrepreneurs' Relief lifetime limit to 22 June 2010 | £2million | |
| Entrepreneurs' Relief lifetime limit from 23 June 2010 | £5million | |
| Entrepreneurs' Relief lifetime limit from 6 April 2011 | £10million |
Entrepreneurs' relief is available on qualifying lifetime gains on or after 6th April 2008.
** The higher rate applies to higher and additional rate taxpayers.
Transfers between husband and wife or civil partners that live together are exempt.
Car And Fuel Benefits
The following rates apply for 2011/12.
| CO2 emissions grams per kilometre | Petrol | Diesel |
| % of list price | ||
| 1 - 75 | 5 | 8 |
|---|---|---|
| 76 - 120 | 10 | 13 |
| 121 - 129 | 15 | 18 |
| 130 - 134 | 16 | 19 |
| 135 - 139 | 17 | 20 |
| 140 - 144 | 18 | 21 |
| 145 - 149 | 19 | 22 |
| 150 - 154 | 20 | 23 |
| 155 - 159 | 21 | 24 |
| 160 - 164 | 22 | 25 |
| 165 - 169 | 23 | 26 |
| 170 - 174 | 24 | 27 |
| 175 - 179 | 25 | 28 |
| 180 - 184 | 26 | 29 |
| 185 - 189 | 27 | 30 |
| 190 - 194 | 28 | 31 |
| 195 - 199 | 29 | 32 |
| 200 - 204 | 30 | 33 |
| 205 - 209 | 31 | 34 |
| 210 - 214 | 32 | 35 |
| 215 - 219 | 33 | 35 |
| 220 - 224 | 34 | 35 |
| 225 and above | 35 | 35 |
To find the CO2 figure for your car, you can...
- visit the Vehicle Certification Agency www.vca.gov.uk
- inspect the car's V5 registration document
- ask your dealer
- look at the data pages of car magazines
For cars registered from 1 January 1998 with no CO2 emissions figures, the tax charge is 15% of the list price for engines up to 1,400 cc, 22% for engines of 1,401 cc to 2,000 cc and 32% for engines above 2,000 cc.
Where cars have zero CO2 emissions in all circumstances, the car benefit charge is reduced to zero.
List price is reduced for capital contributions made by the employee up to £5,000.
Employee contributions reduce the taxable benefit by the amount paid.
There are various discounts on the percentages for car driven on alternative fuels
Fuel Benefits
The car fuel benefit is calculated by applying the above car benefit percentage to a figure of £18,800 (2010/11 - £18,000).
The fuel benefit charge is proportionately reduced if provision of private fuel ceases part way through the year.
The fuel benefit is reduced to nil only if the employee pays for all private fuel.
Charitable Gifts
Gift Aid
Individuals can claim higher and additional rate relief on cash gifts and payments to charities using gift aid. It allows a charity to reclaim the basic-rate tax on donations made by UK taxpayers from HMRC. Higher and additional rate taxpayers can claim an additional tax relief on the gross donation through their tax return at their marginal rate.
You can make a claim for a charitable donation made in one tax year to be treated as if it had been made in the previous tax year.
To qualify for gift aid you must pay at least as much tax as the amount the charities will reclaim on your gifts in the tax year in which you make them. You must make a declaration to the charity concerned.
Give As You Earn
Give As You Earn allows employees to make regular donations tax-free from their gross salary. The employer will deduct the amount from their salary for payment to the charity.
The taxable pay of the employee is reduced by the amount of their donation.
Corporation Tax
Corporation Tax On Profits - £ per year (unless stated)
| Rate | Financial Year to 31/3/2012 | Financial Year to 31/3/2011 |
| Small companies rate | 20% on first 300,000 | 21% on first 300,000 |
|---|---|---|
| Marginal relief | 300,001 - 1,500,000 | 300,001 - 1,500,000 |
| Marginal relief fraction | 3/200 | 7/400 |
| Effective marginal rate | 27.5% | 29.75% |
| Main rate | 26% on 1,500,001 or more | 28% on 1,500,001 or more |
The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.
It has been announced the main companies rate will decrease to 25% for the year to 31/3/2013, 24% for the year to 31/3/2014 and 23% for the year to 31/3/2015.
Fuel Rates
From 1st December 2011*
| Petrol | LPG | |
| Up to 1400cc | 15p | 10p |
|---|---|---|
| 1401cc to 2000cc | 18p | 12p |
| Over 2000cc | 26p | 18p |
| Diesel | ||
| Up to 1600cc | 12p | |
|---|---|---|
| 1601cc to 2000cc | 15p | |
| Over 2000cc | 18p | |
From 1st September 2011*
| Petrol | LPG | |
| Up to 1400cc | 15p | 11p |
|---|---|---|
| 1401cc to 2000cc | 18p | 12p |
| Over 2000cc | 26p | 18p |
| Diesel | ||
| Up to 1600cc | 12p | |
|---|---|---|
| 1601cc to 2000cc | 15p | |
| Over 2000cc | 18p | |
*Rates per mile
Income Tax Allowances
| 2011-12 (£) | 2010-11 (£) | |
| Personal allowance (1) | 7,475 | 6,475 |
|---|---|---|
| Personal allowance for people aged 65-74 at the end of year of assessment (1)(2) | 9,940 | 9,490 |
| Personal allowance for people aged 75 and over at the end of year of assessment (1)(2) | 10,090 | 9,640 |
| Income limit for age-related allowances | 24,000 | 22,900 |
| Married couple's allowance - aged 75 or more (relief at 10%) (2) | 7,295 | 6,965 |
| Minimum amount of married couple's allowance | 2,800 | 2,670 |
| Blind person's allowance | 1,980 | 1,890 |
(1) The personal allowance is reduced for individuals with a gross income before the allowance of £100,000. The allowance will be reduced by £1 for every £2 of gross income above the income limit up to a maximum reduction down to zero. This applies irrespective of age.
(2) These allowances are reduced where the income is above the income limit by £1 for every £2 of income above the limit but will never be less than the personal allowance or minimum amount of married couple's allowance.
Income Tax Bands & Rates
| 2011-12 | 2010-11 | ||
| Taxable Bands(£) | Rate | Taxable Bands(£) | Rate |
| 0 - 2,560 | 10%* | 0 - 2,440 | 10%* |
| 2,561 - 35,000 | 20%** | 2,441 - 37,400 | 20%** |
| 35,001 - 150,000 | 40%*** | 37,401 - 150,000 | 40%*** |
| Over 150,000 | 50%**** | Over 150,000 | 50%**** |
* Only applies to savings income (otherwise is 20%)
** Dividends taxed at 10%
*** Dividends taxed at 32.5% of the gross dividend
**** Dividends taxed at 42.5% of the gross dividend
Other income is taxed first, then savings and then dividends.
Individual Savings Accounts
| Annual exempt amount | Overall Limit (£) | Cash Limit (£) |
| 2011/12 | 10,680 | 5,340 |
| 2010/11 | 10,200 | 5,100 |
Savings are exempt from income tax and capital gains tax.
Anyone aged 16-17 can invest in a cash ISA only.
It is proposed a new Junior ISA for those under 18 will be available from Autumn 2011.
Inheritance Tax
Inheritance Tax Thresholds
| Year | Amount (£) |
| 2011-12 | 325,000 |
| 2010-11 | 325,000 |
The IHT threshold is to be frozen at £325,000 until 2014/15.
For deaths after 9th October 2007, a transfer of any unused nil rate band is available from former deceased spouses and civil partners.
Amounts above the threshold are taxed at 40%.
Most transfers between spouses and civil partners are exempt.
Chargeable lifetime transfers are initially charged at 20%.
Business Property Relief
- Business, interest in business or qualifying shareholders in unquoted companies (includes AIM listed companies) - 100%
- Land, buildings, machinery, or plant used in a company controlled by the transferor - 50%
- Agricultural property - 50% or 100%
Other Reliefs:
- Annual gifts of up to £3000 per donor are exempt.
- Small gifts £250
- Marriage gifts...
- parent £5,000
- grandparent £2,500
- bride/groom £2,500
- other £1,000
Reduced charge on gifts made within seven years of death:
| Years before death | 0-3 | 3-4 | 4-5 | 5-6 | 6-7 |
|---|---|---|---|---|---|
| % of death charge | 100 | 80 | 60 | 40 | 20 |
Key Tax Dates
Income Tax and Class 4 NIC
- 31 July 2011 - 2nd payment on account for 2010/11
- 31 Jan 2012 - balancing payment for 2010/11 and 1st payment on account for 2011/12
- 31 July 2012 - 2nd payment on account for 2011/12
- 31 Jan 2013 - balancing payment for 2011/12 and 1st payment on account for 2012/13
Tax Return
- 31 October 2011 - Filing deadline for 2011 paper return
- 31 January 2012 - Filing deadline for 2011 online return
Capital Gains Tax
- 31 January 2012 - CGT payment due for 2010/11
- 31 January 2013 - CGT payment due for 2011/12
Inheritance Tax
Payment due 6 months after the end of the month of death or chargeable transfer.
For chargeable lifetime transfers from 6 April to 30 September, payment is due by 30 April in the following tax year.
Corporation Tax
Payment due 9 months and one day after the end of the accounting period. Accounts longer than 12 months are divided into two periods.
2010/11 PAYE Return Deadlines
- 19 May 2011 - P35, P14, P38, P38A and CIS36
- 31 May 2011 - P60s to employees
- 6 July 2011 - P11D, P11Db and P9D - and give copies to employees
- 19 July 2011 - Payment of Class 1A National Insurance on benefits due or 22nd July 2011 for electronic payments
Minimum Wage
| From 1 October 2011 | From 1 October 2010 | |
| 21 & over | £6.08 p.h. | £5.93 p.h. |
|---|---|---|
| 18 to 20 | £4.98 p.h. | £4.92 p.h. |
| 16 and 17 | £3.68 p.h. | £3.64 p.h. |
| Apprentice rate | £2.60 p.h. | £2.50 p.h. |
National Insurance
| £ per week | 2011-12 | 2010-11 |
| Employees | ||
|---|---|---|
| Lower earnings limit, primary Class 1 | £102 | £97 |
| Upper earnings limit, primary Class 1 | £817 | £844 |
| Upper accruals point (for those on contracted out pensions) | £770 | £770 |
| Primary threshold (employees) | £139 | £110 |
| Secondary threshold (employers) | £136 | £110 |
| Employees' primary Class 1 rate between primary threshold and upper earnings limit | 12% | 11% |
| Employees' primary Class 1 rate above upper earnings limit | 2% | 1% |
| Employees' contracted out rebate | 1.6% | 1.6% |
| Married women's reduced rate between primary threshold and upper earnings limit | 5.85% | 4.85% |
| Married women's rate above upper earnings limit | 2% | 1% |
| Employers' secondary Class 1 rate above secondary threshold | 13.8% | 12.8% |
| Employers' contracted-out rebate, salary-related schemes | 3.7% | 3.7% |
| Employers' contracted-out rebate, money-purchase schemes | 1.4% | 1.4% |
| Rates are nil for those over state retirement age. Normal employers' contributions are still payable. | ||
| Class 1A and Class 1B | 13.8% | 12.8% |
| Class 2 rate (self-employed) | £2.50 | £2.40 |
| Class 2 small earnings exception | £5,315 per year | £5,075 per year |
| Special Class 2 rate for share fishermen | £3.15 | £3.05 |
| Special Class 2 rate for volunteer development workers | £5.10 | £4.85 |
| Class 3 rate (voluntary contributions) | £12.60 | £12.05 |
| Class 4 lower profits limit (self-employed) | £7,225 per year | £5,715 per year |
| Class 4 upper profits limit (self-employed) | £42,475 per year | £43,875 per year |
| Class 4 rate between lower profits limit and upper profits limit | 9% | 8% |
| Class 4 rate above upper profits limit | 2% | 1% |
| There is no Class4 payable if the state retirement age was reached by 6 April 2011 | ||
NIC Holiday
Some businesses will be exempt from paying the employer's class 1 NICs for 12 months for up to 10 employees, capped at £5,000 per employee. The scheme started in September 2010 but will apply to new businesses set up on and after 22 June 2010. It will only apply in Scotland, Wales, Northern Ireland, the North of England, Yorkshire, the Midlands and the South West regions. Certain businesses are excluded, such as those under the IR35 or Managed Service Company rules, and businesses in grant-supported sectors such as agriculture, fisheries and coal.
Pension Premiums
For 2011/12...
- Maximum amount of pension contributions that qualify for tax relief is the greater of £3,600 or the individuals UK relevant earnings.
- An annual allowance is set at £50,000 (2010/11 - £255,000) for the Pension Input Period ending in the tax year. Contributions in excess of the allowance are charged to tax at the top slice of income. Contributions also include those made by the employer.
- Unused annual allowances of up to £50,000 can be carried forward for the next three years. When considering if there is any unused allowance from 2008/09, 2009/10 and 2010/11 the annual allowance for those years will be deemed to be £50,000.
- Employer contributions need to be "wholly and exclusively" for the benefit of the trade to obtain tax relief.
- Minimum age for taking benefits is 55. Was 50 Prior to 6 April 2010.
- Maximum age for tax relief on contributions is 74.
- Lifetime allowance is £1,800,000. The limit for 2012/13 has been announced at £1,500,000.
- There is a tax charge of 55% on the excess value above the lifetime allowance if the excess if taken as a lump sum and 25% on monies retained.
- Maximum tax-free lump sum is 25%.
Social Security Benefits
| Weekly Benefit | 2011-12 | 2010-11 |
| Basic retirement pension - single person | £102.15 | £97.65 |
| Basic retirement pension - married couple | £163.35 | £156.15 |
| Statutory pay rates - average weekly earnings £95 or over | ||
|---|---|---|
| Statutory Sick Pay | £81.60 | £79.15 |
| Statutory Maternity Pay - first six weeks | 90% of weekly earnings | |
| Statutory Maternity Pay - next 33 weeks | £128.73* | £124.88* |
| Statutory Paternity Pay - 2 weeks | £128.73* | £124.88* |
| Statutory Adoption Pay - 39 weeks | £128.73* | £124.88* |
| Jobseekers Allowance - Single Person (over 25) | £67.50 | £65.45 |
| Jobseekers Allowance - Married Couple | £105.95 | £102.75 |
* Or 90% of weekly earnings if this is lower
Stamp Duty
The following rates apply for 2011/12.
Stamp Duty Land Tax
The applicable rate of Stamp Duty Land Tax must be applied to the whole of the consideration paid to acquire the land / buildings.
| Land and Buildings in the UK | ||
| Rate | Residential | Non-residential |
| Zero | £0 to £125,000 | £0 to £150,000 |
|---|---|---|
| 1% | £125,000+ to £250,000* | £150,000+ to £250,000 |
| 3% | £250,000+ to £500,000 | £250,000+ to £500,000 |
| 4% | £500,000+ to £1,000,000 | Over £500,000 |
| 5% | Over £1,000,000 | |
There is zero SDLT payable on residential purchases up to £250,000 from on or after 25 March 2010 to before 25 March 2012 where the purchaser or all purchasers are first time buyers and intend to occupy the property as their main home.
For disadvantaged areas, sales of land and buildings up to £150,000 are exempt.
Zero Carbon Homes
From 1 October 2007 until 30 September 2012 all new zero carbon homes and flats costing up to £500,000 are exempt from stamp duty land tax. Homes and flats above this have the first £500,000 exempt. This only applies to new homes which have SDLT on the first sale.
New leases (lease duty)
Duty on rent
| Net present value of rent | ||
| Rate | Residential | Non-residential |
| Zero | £0 to 125,000 | £0 to £150,000 |
|---|---|---|
| 1% | £125,000+ | £150,000+ |
Please note that when calculating duty payable on the 'NPV' (Net Present Value) of leases, you must reduce your 'NPV' calculation by the following before applying the 1% rate.
Residential - £125,000
Non-Residential - £150,000
Duty on premium is the same as for transfers of land (except special rules apply for premium on non-residential properties where the rent exceeds £1,000 annually).
Stamp Tax
The rate of stamp duty / stamp duty reserve tax for the transfer of shares and securities is 0.5%. Where the consideration is £1,000 or less on the transfer of shares, they will be exempt from stamp duty.
Tax Credits & Child Benefit
Working Tax Credit - £ per year (unless stated)
| Rates and Thresholds | 2011-12 | 2010-11 |
| Basic element | 1,920 | 1,920 |
| Couple and lone parent element | 1,950 | 1,890 |
| 30 hour element | 790 | 790 |
| Disabled worker element | 2,650 | 2,570 |
| Severe disability element | 1,130 | 1,095 |
| 50+ Return to work payment (16-29 hours) | 1,365 | 1,320 |
| 50+ Return to work payment (30+ hours) | 2,030 | 1,965 |
Childcare Element of the Working Tax Credit - £ per year (unless stated)
| Rates and Thresholds | 2011-12 | 2010-11 |
| Maximum eligible cost for one child | £175 per week | £175 per week |
| Maximum eligible cost for two or more children | £300 per week | £300 per week |
| Percentage of eligible costs covered | 70% | 80% |
Child Tax Credit - £ per year (unless stated)
| Rates and Thresholds | 2011-12 | 2010-11 |
| Child Tax Credit Family element | 545 | 545 |
| Family element, baby addition | withdrawn | 545 |
| Child element | 2,555 | 2,300 |
| Disabled child element | 2,800 | 2,715 |
| Severely disabled child element | 1,130 | 1,095 |
Income thresholds and withdrawal rates - £ per year (unless stated)
| Rates and Thresholds | 2011-12 | 2010-11 |
| First income threshold | 6,420 | 6,420 |
| First withdrawal rate (per cent) | 41% | 39% |
| Second income threshold | 40,000 | 50,000 |
| Second withdrawal rate (per cent) | 41% | 6.67% |
| First threshold for those entitled to Child Tax Credit only | 15,860 | 16,190 |
| Income disregard | 10,000 | 25,000 |
Child Benefit/Guardian Allowance - £ per week
| Rates and Thresholds | 2011-12 | 2010-11 |
| Eldest/Only Child | 20.30 | 20.30 |
| Other Children | 13.40 | 13.40 |
| Guardian's Allowance | 14.75 | 14.30 |
Tax Free Mileage Allowances
Rates for 2011/12
| First 10,000 business miles in the tax year | Each mile over 10,000 miles in the tax year | Extra passenger making same trip | |
| Cars and vans | 45p (40p in 2010/11) | 25p | 5p |
|---|---|---|---|
| Motor cycles | 24p | 24p | N/A |
| Bicycles | 20p | 20p | N/A |
These rates represent the maximum tax-free mileage allowances for employees using their own vehicles for business. Any excess is taxable. If the employee receives less than the statutory rate, tax relief can be claimed on the difference.
Tax Shelters
| 2011-12 (£) | 2010-11 (£) | |
| Enterprise Investment Scheme (EIS) up to (Income tax relief is 30% (2010/11 - 20%) & CGT deferral relief also available) |
500,000 | 500,000 |
|---|---|---|
| Venture Capital Trust (VCT ) up to (Income tax relief of VCT 's is at 30%) |
200,000 | 200,000 |
| Golden Handshake maximum | 30,000 | 30,000 |
| Rent a Room - exempt on gross annual rent up to | 4,250 | 4,250 |
Value Added Tax
| From 4/1/11 | From 1/1/10 to 3/1/11 | |
| Standard Rate | 20.0% | 17.5% |
|---|---|---|
| VAT Fraction | 1/6 | 7/47 |
| Lower rate | 5% | 5% |
| From 1/4/11 | From 1/4/10 | |
| Registration level | £73,000 p.a. | £70,000 p.a. |
| Deregistration limit | £71,000 p.a. | £68,000 p.a. |
| Cash accounting scheme - up to | £1,350,000 | £1,350,000 |
| Optional flat rate scheme - up to | £150,000 | £150,000 |
| Annual accounting scheme - up to | £1,350,000 | £1,350,000 |
VAT fuel scale charges from 1/5/11
| CO2 band | Scale charge per quarter £ | VAT on quarterly charge £ |
| 124 or below | 157 | 26.13 |
|---|---|---|
| 125 - 129 | 236 | 39.33 |
| 130 - 134 | 252 | 42.00 |
| 135 - 139 | 268 | 44.67 |
| 140 - 144 | 283 | 47.17 |
| 145 - 149 | 299 | 49.83 |
| 150 - 154 | 315 | 52.50 |
| 155 - 159 | 331 | 55.17 |
| 160 - 164 | 346 | 57.67 |
| 165 - 169 | 362 | 60.33 |
| 170 - 174 | 378 | 63.00 |
| 175 - 179 | 394 | 65.67 |
| 180 - 184 | 409 | 68.17 |
| 185 - 189 | 425 | 70.83 |
| 190 - 194 | 441 | 73.50 |
| 195 - 199 | 457 | 76.17 |
| 200 - 204 | 472 | 78.67 |
| 205 - 209 | 488 | 81.33 |
| 210 - 214 | 504 | 84.00 |
| 215 - 219 | 520 | 86.07 |
| 220 - 224 | 536 | 89.33 |
| 225 and above | 551 | 91.83 |
VAT fuel scale charges from 4/1/11 to 30/4/11
| CO2 band | Scale charge per quarter £ | VAT on quarterly charge £ |
| 124 or below | 141 | 23.50 |
|---|---|---|
| 125 - 134 | 212 | 35.33 |
| 135 - 139 | 227 | 37.83 |
| 140 - 144 | 241 | 40.17 |
| 145 - 149 | 255 | 42.50 |
| 150 - 154 | 269 | 44.83 |
| 155 - 159 | 283 | 47.17 |
| 160 - 164 | 297 | 49.50 |
| 165 - 169 | 312 | 52.00 |
| 170 - 174 | 326 | 54.33 |
| 175 - 179 | 340 | 56.77 |
| 180 - 184 | 354 | 59.00 |
| 185 - 189 | 368 | 61.33 |
| 190 - 194 | 383 | 63.83 |
| 195 - 199 | 397 | 66.17 |
| 200 - 204 | 411 | 68.50 |
| 205 - 209 | 425 | 70.83 |
| 210 - 214 | 439 | 73.17 |
| 215 - 219 | 454 | 75.67 |
| 220 - 224 | 468 | 78.00 |
| 225 - 229 | 482 | 80.33 |
| 230 and above | 496 | 82.67 |
Van Benefits
2011/12 and 2010/11
The taxable benefit for private use of a company van that is more than home to work travel is £3,000. For 5 years from 2010/11 this is reduced to nil for vans which cannot produce CO2 emissions under any circumstances.
The taxable benefit for fuel provided for private use is £550.
