| CORPORATION TAX | To 31.03.12 | To 31.03.11 |
|---|---|---|
|
Small Companies Rates
(£0-£300,000) |
20% | 21% |
| £300,001 - £1,500,000 | Marginal relief | Marginal relief |
| Full rate (£1,500,001+) | 26%* | 28% |
|
MAIN CAPITAL ALLOWANCES |
||
|---|---|---|
| Plant and Machinery | 2011-2012 | 2010-2011 |
| Writing down allowance | 20% pa* | 20% pa |
| Long life assets / integral features / thermal insulation | 10% pa** | 10% pa |
| 100% Annual Investment Allowance (AIA) on expenditure up to | £100,000*** | £100,000 |
|
* Reducing to 18% pa from April 2012
** Reducing to 8% pa from April 2012 *** Reducing to £25,000 from April 2012 |
||
| Motor Cars | ||
| For cars purchased after 6 April 2009 the annual allowances are dependent on the CO2 emissions of the car: | ||
|
- for cars with CO2 emissions up to 110 g/km a 100% allowance is available*
- for cars with CO2 emissions between 110 and 160 g/km the annual allowance is 20% - for cars with CO2 emissions over 160 g/km the annual allowance is 10%, calculated in a special pool. *This allowance is due to expire in 2013 |
||
| Industrial and Agricultural Buildings | 2011-2012 | 2010-2011 |
| Writing down allowance (straight line) | n/a | 1% pa |
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