Homepage
< to Tax Calculators
.Tax
Calculators
2001-2002
Mileage Allowance
Income Tax |
. |
Company Car Tax:
UK Car Benefit & Car Fuel Benefit (2001-2002)NOTE: 6 April 2002 change to estimates based on CO2
emissions |
Notes:
1. Vehicles up to £80,000 only (including VAT, Tax, Delivery. Accessories)
Valid on Directors and those earning above £8,500 pa at highest rate of tax
for the individual. Special rates apply to cars over 15 years old at 5/4/2002 with a
market value over £15,000. Company vans are charged at £500 (£350 if over 4 years).
Further information at Inland Revenue Website (Cars, Travel).
2. From April 6 2002 a graduated tax based on CO2
emissions will be used - see IR and SMMT CO2
emission guides).
Other Tax Rates 2001-2002 |
| ^
^
^
^
|
| Tax
Free Mileage Allowances |
|
Up to
4000 miles |
Over
4000 miles |
Cars up to 1000cc
Cars 1001-1500cc
Cars 1501-2000cc
Cars over 2000cc
Motorcycles
Bicycles |
40p
40p
45p
63p
24p
20p |
25p
25p
25p
36p
24p
20p |
|
|
|
| Main
Income Tax Reliefs |
|
2000-2001 |
2001-2002 |
Personal allowance
Personal age allowance 65-74
" "
"
>74
Married couples age allowance 65-74
" "
"
"
>74
Age allowance income limit
Blind person's allowance
Children's tax credit |
£4385
£5790
£6050
£5185
£5255
£17,000
£1400
- |
£4535
£5990
£6260
£5365
£5435
£17,600
£1450
£5200 |
Limits |
|
|
Limit of loan for MIRAS
Charitable giving via payroll
Individual savings account annual limit
Gift aid
Rent a room exemption
Enterprise Investment Scheme
Venture Capital Trust |
Nil
Unlimited
£7000
No limit
£4250
£150,000
£100,000 |
Nil
Unlimited
£7000
No limit
£4250
£150,000
£100,000 |
| Income
Tax Rates and Bands |
Lower rate (10%) on first
Basic rate (22%) on next
Higher rate (40%) at taxable income > |
£1520
£26,880
£28,400 |
£1880
£27,520
£29,400 |
|
|
|
Sources - Treasury
- Inland Revenue |
|
|
See Also - NIC Rates,
Capital Gains Tax, Inheritance Tax
Capital Gains Tax, Tax Credits |
|