Contents
Budget 2004
Introduction
Income Tax Rates
Personal Allowances
Taxation of Dividends
Personal Reliefs
Benefits in Kind
Tax Free Approved Mileage Rates
Enterprise Investment Scheme (EIS)
Venture Capital Trusts (VCT)
Approved Employee Share Schemes
Individual Savings Accounts (ISA)
Tax Exempt Special Savings Accounts
Personal Pension
Capital Gains Tax
Inheritance Tax
Corporation Tax (Corporate Tax)
Corporate Capital Gains
Corporate Venturing Scheme
Construction Industry Scheme
Capital Allowances and Reliefs
Value Added Tax
National Insurance Contributions (NICs)
Miscellaneous
Gifts to Charities
Landfill Tax
Insurance Premium Tax
Aggregates Levy
Climate Change Levy
Stamp Duty
Income tax and capital gains tax

Page 8 of 31

Budget 2004

Personal Taxation

Tax Free Approved Mileage Rates

Statutory maximum amounts payable to employees for using their own transport for business purposes

	Per mile
Cars and vans (regardless of cylinder capacity)
1-10,000 miles in tax year	40p
over 10,000 miles	25p
Motorcycles	24p
Cycles	20p
Passengers*	5p

* pai id to driver for each fellow employee passenger carried on same business trip to encourage car sharing

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.

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