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Prime Advisors Ltd,
NEW ADDRESS:
Ocean Air house
Suite 200, Floor 1,
750-760 High Road, Leytonstone,
London E11 3AW
Tel - 0044 208 530 6929
Fax - 0044 208 989 1179
E-mail: primeadvisors@yahoo.co.uk

 
   

CORPORATION & CAPITAL

  

Corporation Tax

 

To  31/3/04

To  31/3/03

Starting Rate
(0-10,000)

0%

0%

Marginal Relief

10,001-50,000

10,001-50,000

Small Companies Rate (50,001-300,000)

19%

19%

Marginal Relief

300,001-1,500,000

300,001-1,500,000

Full Rate (1,500,001+)

30%

30%

 

Main Capital Allowances

Plant & Machinery, Patent Rights,
Know-How:
writing down allowance (reducing balance)


25% pa

Plant & Machinery: First year allowance for expenditure incurred by small and medium sized businesses

40%

Motor Car:
writing down allowance (reducing balance)

25% pa, max 3,000 p.a

New car registered on or after 17/04/02 emitting up to 120g/km or electrically propelled.

100%

Enterprise Zone Buildings and Scientific Research

100% initial allowance

Industrial and Agricultural Buildings, Hotels, Docks, etc: writing down allowance (straight line)

4% pa

Information and Communication Technology Equipment
Small businesses from
1/4/00 to 5/4/04

100%

Investments in designated energy-saving plant and machinery from 6/4/00

100%

 

 

   
 

2007 Prime Advisors Limited, All Rights Reserved