Edwards Greene Tax Tables Spring 2019

© Copyright 13 March 2019 Subject to relevant legislation For information only Always seek professional advice before acting Standard rate 20% Reduced rate, e.g. on domestic fuel 5% Registration level since 1/4/17 £85,000 Deregistration level since 1/4/17 £83,000 Flat rate scheme turnover limit £150,000 Cash and annual accounting schemes turnover limit £1,350,000 Taxable amount based on car’s list price when new Charge varies according to CO 2 emissions in g/km For diesels that do not meet the RDE2 standard, add 4% to petrol figures below up to a maximum of 37% CO 2 g/km 0–50 51–75 76–94 95 & above Charge 16% 19% 22% 23%*–37% *Plus 1% for each extra 5g/km over 95g/km up to maximum 37% Fuel Benefit – taxable amount for private use 19/20 18/19 CO 2 % charge used for car benefit  multiplied by £24,100 £23,400 19/20 18/19 Zero emission: chargeable amount £2,058 £1,340 Other vans: chargeable amount £3,430 £3,350 Fuel: chargeable amount £655 £633 Cars and vans first 10,000 miles 45p per mile thereafter 25p per mile Qualifying passenger 5p per mile Motorcycles 24p per mile Bicycles 20p per mile Plant and machinery 100% annual investment allowance  (1st year) 1/1/19 to 31/12/20 £1,000,000 Enterprise zone plant and machinery (max € 125m per project) 100% Plant and machinery (annual reducing balance) 18% Patent rights and know-how (annual reducing balance) 25% Certain long-life assets and integral features of buildings  (annual reducing balance) 6% Structures and buildings from 29/10/18 (straight line) 2% Energy and water-efficient equipment and electric vans 100% Electric charge points 100% Motor Cars CO 2 emissions of g/km: 50 or less* 51–110 Over 110 Capital allowance: 100% first year 18% pa † 6% pa † *New cars only †Annual reducing balance Research and Development Capital expenditure 100% Revenue expenditure relief – small/medium-sized companies 230% Research and development expenditure credit – large companies 12% VALUE ADDED TAX CAR BENEFITS VANS – FOR PRIVATE USE TAX-FREE BUSINESS MILEAGE ALLOWANCE – OWN VEHICLE MAIN CAPITAL AND OTHER ALLOWANCES