Tax Tables 2014 - page 5

CARS AND CAR BENEFITS
Taxable amount based on car’s list price when new.
Charge varies according to CO
2
emissions in grams per kilometre.
CO
2
emissions Petrol
Diesel
CO
2
emissions Petrol
Diesel
g/km
engine% engine% g/km
engine% engine%
75 or less
5
8
150–154
23
26
76–94
11
14
155–159
24
27
95–99
12
15
160–164
25
28
100–104
13
16
165–169
26
29
105–109
14
17
170–174
27
30
110–114
15
18
175–179
28
31
115–119
16
19
180–184
29
32
120–124
17
20
185–189
30
33
125–129
18
21
190–194
31
34
130–134
19
22
195–199
32
35
135–139
20
23
200–204
33
35
140–144
21
24
205–209
34
35
145–149
22
25
210 & over
35
35
No taxable benefit in respect of zero emission (e.g. electric-only) cars.
Fuel Benefits – taxable amount for private use
Multiply the CO
2
% used for the car benefit by
£21,700
VANS – TAXABLE AMOUNTS FOR PRIVATE USE
Van:
£3,090
Fuel:
£581
Zero-emission, or private use limited to home-work journeys: no charge
TAX-FREE MILEAGE ALLOWANCE – OWN VEHICLE
Cars
first 10,000 business miles: 45p per mile; thereafter: 25p per mile
Motorcycles
24p per business mile
Bicycles
20p per business mile
MAIN CAPITAL AND OTHER ALLOWANCES
Plant and machinery 100% annual investment
allowance (first year)
£500,000
Enterprise zone plant and machinery
(Max
125m per investment project)
100%
Plant and machinery (annual reducing balance)
18%
Patent rights and know-how (annual reducing balance)
25%
Certain long-life assets,
integral features of buildings (annual reducing balance)
8%
Energy and water-efficient equipment
100%
Electric vans
100%
Business premises renovations
100%
Motor cars:
CO
2
emissions of g/km:
95 or less*
96–130 131 or more
Capital allowance:
100% first year
18%
8%
*Only for new cars.
Reducing balance.
Research and Development:
Capital expenditure
100%
Revenue expenditure
– small/medium sized companies
225%
– large companies
130%
1,2,3,4 6,7,8
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