© Copyright 26 November 2025 Subject to relevant legislation For information only Always seek professional advice before acting VALUE ADDED TAX Standard rate 20% Domestic fuel 5% Installation of energy saving materials (except Northern Ireland) 0% Registration level £90,000 Deregistration £88,000 Flat rate scheme turnover limit £150,000 Cash and annual accounting schemes turnover limit £1,350,000 CAR BENEFITS Taxable amount based on original list price and CO2 emissions in g/km. Zero emission cars 4% Petrol and diesel hybrids with CO2 emissions 1–50g/km Range – electric-only miles < 30 30–39 40–69 70–129 130+ 16% 14% 10% 7% 4% All non-diesel cars over 50g/km CO2 51–54 55 & over 17% 18% * –37% *Increased by 1% increments up to the maximum 37% Diesels not meeting RDE2: add 4% to non-diesel rates, up to 37% Fuel benefit – taxable amount for private use 26/27 25/26 CO2 % charge used for car benefit multiplied by TBA £28,200 VANS – FOR PRIVATE USE 26/27 25/26 Zero emission: chargeable amount Nil Nil Other vans: chargeable amount TBA £4,020 Fuel: chargeable amount TBA £769 TAX-FREEBUSINESSMILEAGEALLOWANCE–OWNVEHICLE Cars and vans first 10,000 miles 45p per mile then 25p per mile Qualifying passenger 5p per mile Motorcycles 24p per mile Bicycles 20p per mile MAIN CAPITAL AND OTHER ALLOWANCES Plant & machinery (P&M) 100% annual investment allowance (1st year) £1,000,000 P&M allowance for companies (1st year)* 100% Special rate P&M allowance for companies (1st year)* 50% P&M allowance for all businesses (1st year) from 1 January 2026* 40% P&M** 14% Patent rights and know-how** 25% Special rate P&M e.g. long-life assets and integral features of buildings** 6% Structures and buildings (straight line)† 3% Motor cars CO2 emissions of g/km 0* 1–50 Over 50 Capital allowance 100% first year 18% pa** 6% pa** *New and unused only **Annual reducing balance †10% for freeports and investment zones Research and Development (R&D) Capital expenditure 100% R&D merged scheme 20% R&D intensive SME payable credit 14.5% R&D intensive SME intensity ratio 30%
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