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Tax Tables - Income Taxes

 

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Approved Mileage Rates

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Other Miscellaneous Budget Changes

 

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Approved Mileage Rates:

2004/05

2003-04

2002/03

First 10,000 miles:

  Cars

  Motor cycles

  Bicycles

 

Over 10,000 miles:

  Cars

  Motor cycles

  Bicycles

   

40p

24p

20p

 

 

25p

24p

20p

   

 

40p

24p

20p

 

 

25p

24p

20p

 

 

40p

24p

20p

 

 

25p

24p

20p

 

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Other Changes

Budget 2004

Budget 2003

 

Vehicle Excise Tax:

  Cars and Vans

  Motor Cycles

  Lorries

 

 

No change

No change

No change

   

 

Up by 5

No change

No change

 

 

Fuel duties

 Petrol 

 

 Up 1.9p per litre

from 1/Sep/04

 

Frozen to 6/Oct/03

 

Beer

Wine

Cigarettes

Spirits

 

Up 1p

Up 4p

Up 8p for 20

No change

Up 1p

Up 4p

Up 8p for 20

No change

 

Stamp Duty on Houses

 

No change

No change

 

Allowance for Pensioners: Additional to Winter Fuel Allowance

 

 

Up by 100 for household with

pensioner over 70yrs

 

 

Up by 100 for household with

pensioner over 

80yrs

 

 
Child Trust An amount of 1,200 can be paid in by family and friends.

The funds can be cashed in when the child is 18 and must remain in the fund until that time. 

 

New trust for all children born from

 September 2002.  Basic contribution

 250, rising to 500 for children from poorer families.  Parents will have the opportunity of adding to the 

trust, which will be available to the child at 18 years of age

 

 

Bingo Tax

 

 

To be abolished on 4th August 2003

 

Inflation forecast

1.75%

 

2.5%

 

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