| BUDGET
2006 |
|
  |
|
GENERAL |
 |
The red book - The complete budget report |
|
|
Budget 2006 Summary |
|
|
|
| TAX RATES AND ALLOWANCES |
| |
Rates and Allowances - Income Tax
| Income tax allowances | 2005-06 (£) | 2006-07 (£) |
| Personal allowance | 4 895 | 5 035 |
| Personal allowance for people aged 65-74 | 7 090 | 7 280 |
| Personal allowance for people aged 75 or over | 7 220 | 7 420 |
| Income limit for age-related allowances | 19 500 | 20 100 |
| Married couple's allowance for people born before 6 April 1935 | 5 905 | 6 065 |
| Married couple's allowance - aged 75 or more | 5 975 | 6 135 |
| Maximum amount of married couple's allowance | 2 280 | 2 350 |
| Blind person's allowance | 1 610 | 1 660 |
The rate of relief for the continuing married couple's allowance and maintenance relief for people born before 6 April 1935, and for the children's tax credit, is 10%.
| Taxable Band Allowances | 2005-06 (£) | 2006-07 (£) |
| Starting rate 10% | 0 - 2,090 | 0 - 2,150 |
| Basic rate 20% | 2,091 - 32,400 | 2,151 - 33,300 |
| Higher rate 40% | Over 32,400 | Over 33,40 |
|
| NATIONAL INSURANCE |
| |
| £ per week allowances | 2005-06 (£) | 2006-07 (£) |
| Lower earnings limit, primary class 1 | 82 | 84 |
| Upper earnings limit, primary class 1 | 630 | 645 |
| Primary threshold | 94 | 97 |
| Secondary threshold | 94 | 97 |
| Employee's primary class 1 rate between primary threshold and upper earnings limit | 11% | 11% |
| Employee's primary class 1 rate above upper earnings limit | 1% | 1% |
| Employee's contracted out rebate | 1.6% | 1.6% |
| Married women's reduced rate between primary threshold and upper earnings limit | 4.85% | 4.85% |
| Married women's reduced rate above upper earnings limit | 1% | 1% |
|
| |
|
| |
|
| |
|
| |
|
|
VEHICLE EXCISE DUTY |
| |
Private/Light Goods Vehicles (goods vehicles not over 3,500kg)( registered before 1st March 2001)
|
12 months
rate £ |
6 months
rate £ |
| Not over 1549cc |
110.00 |
60.50 |
Over 1549cc |
175.00 |
96.25 |
|
|
| |
Private Vehicles
(registered on or after 1st March 2001)
| | Diesel Car
TC 49 |
Petrol Car
TC 48 | Alternative Fuel Car
TC 59 |
| Bands |
CO2 Emission
Figure (g/km) * |
12 months
rate £ |
6 months
rate £ |
12 months
rate £ |
6 months
rate £ |
12 months
rate £ |
6 months
rate £ |
| Band A |
Up to 100 |
0.00 |
- |
0.00 |
- |
0.00 |
- |
| Band B |
101 to 120 |
50.00 |
- |
40.00 |
- |
30.00 |
- |
| Band C |
121 - 150 |
110.00 |
60.50 |
100.00 |
55.00 |
90.00 |
49.50 |
| Band D |
151 - 165 |
135.00 |
74.25 |
125.00 |
68.75 |
115.00 |
63.25 |
| Band E |
166 - 185 |
160.00 |
88.00 |
150.00 |
82.50 |
140.00 |
77.00 |
| Band F |
Over 185 |
195.00 |
107.25 |
190.00 |
104.50 |
180.00 |
99.00 |
| Vehicles
registered on or after 23rd March 2006 |
|
|
|
|
|
| Band G |
Over 225 |
215.00 |
118.25 |
210.00 |
115.50 |
200.00 |
110.00 |
|
Light Goods
Vehicles (vehicles not over
3,500kg) (registered on or after 1st March 2001)
|
Light Goods
Vehicles TC39
|
12 months
rate £ |
6 months
rate £ |
|
All Vehicles |
170.00 |
93.50 |
|
Euro 4 Light Goods
Vehicles (vehicles not over 3,500kg) (Vehicles
registered between 1st March 2003 and 31st December
2006)
Euro 4 Light Goods Vehicles TC36
|
12 months
rate £ |
6 months
rate £ |
|
All Vehicles |
110.00 |
60.50 |
|
Motorcycles
|
Motorcycles TC 17
(not over 450kg
unladen) |
|
Motorcycles (with or
without sidecar)
|
12 months
rate £ |
6 months rate £ |
|
Not Over 150cc |
15.00 |
- |
|
151cc - 400cc |
31.00 |
- |
|
401 - 600cc |
46.00 |
- |
|
All other motorcycles |
62.00 |
34.10 |
|
Tricycles
TC50
(not over 450kg unladen) |
|
Not over
150cc |
15.00 |
- |
|
All Other
tricycles |
62.00 |
34.10 |
|
Buses
|
Buses TC34
|
Reduced Polution
Buses TC38 |
Seating Capacity V5
(excluding driver) |
Seating Capacity V5C
(including driver) |
12 months
rate £ |
6 months
rate £ |
12 months
rate £ |
6 months
rate £ |
|
9 - 16 |
10
- 17 |
165.00 |
90.75 |
165.00 |
90.75 |
|
17 - 35 |
18
- 36 |
220.00 |
121.00 |
165.00 |
90.75 |
|
36 - 60 |
37
- 61 |
330.00 |
181.50 |
165.00 |
90.75 |
|
61 and over |
62
and over |
500.00 |
275.00 |
165.00 |
90.75 |
|
Trade Licences
|
Trade Licences
|
|
|
12 months
rate £ |
6 months
rate £ |
|
Trade Licences
available for all vehicles |
165.00 |
90.75 |
|
Trade Licences
available only for:
|
|
|
|
Bicycles
|
not over 450kg |
|
60.00 |
33.00 |
|
Tricycles
|
|
General Haulage
General Haulage
Vehicles TC55
|
Reduced Pollution
General Haulage
Vehicles TC56 |
| |
12 months
rate £ |
6 months
rate £ |
12 months
rate £ |
6 months
rate £ |
| |
350.00 |
192.50 |
165.00 |
90.75 |
|
Recovery Vehicles
|
Recovery Vehicles TC47 Part V
|
|
Over |
Not over |
12 months
rate £ |
6 months
rate £ |
|
3,500 |
25,000 |
165.00 |
90.75 |
|
25,000 |
- |
410.00 |
225.50 |
|
Private HGV
Private HGV
(Exceeding 3,500kg) |
12 months
rate £ |
6 months
rate £ |
|
|
165.00 |
90.75 |
|
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
The use of the information on this page is no
substitute for our professional advice. Legislation changes on a regular
basis.
Whilst we try to maintain the documents on this page they may not be the
latest versions. We accept no liability for your use of the information
on these pages.
In addition these documents may not give you the exact information you
need, applicable to your circumstances.
We highly recommend that you contact us on the number below to discuss
your query.
For more information please contact us on 0870-742-0076 or send
an e-mail to info@amlinked.com
|
 |
