 |
 |
|
|
Type |
Dates |
Rate |
General Pool |
From 1 April 2012 (Corp Tax) From 6 April 2012 (Income Tax) |
18% |
General Pool |
From 1 April 2008 (Corp Tax) From 6 April 2008 (Income Tax) |
20%
|
Type |
Dates |
Rate |
Special Pool |
From 1 April 2019 (Corp Tax) From 6 April 2019 (Income Tax) |
6% |
Special Pool |
From 1 April 2012 (Corp Tax) From 6 April 2012 (Income Tax) |
8%
|
Special Pool |
Before 1 April 2012 (Corp Tax) Before 6 April 2012 (Income Tax) |
10% |
Notes
Where a period straddles the April date a hybrid rate applies, calculated as:
Hybrid rate
= (Pre 1 April Rate x BRD/CP) + (Post 1 April Rate x ARD/CP)
Where:
Rate is the WDA %
If the hybrid rate includes a figure with more than 2 decimal places, it will be rounded up to the nearest second decimal place
BRD is the number of days in the chargeable period before the April date
ARD is the number of days in the chargeable period on and after the April date
CP is the number of days in the chargeable period.
Expensive cars are subject to a maximum WDA of £3,000. If the 20% or hybrid rate applies, the WDA will be the lower of the rate x WDV b/f or £3,000
The special rate pool includes integral features purchased after the April date. In the first period starting after the April 2008 date, long life assets should be transferred into the special rate pool.
Date |
Expenditure Limit |
From
April 2023 (Corp Tax) |
£200,000 |
From 1 January 2019 (Corp Tax and Income Tax) |
£1,000.000 |
From 1 January 2016 (Corp Tax and Income Tax) |
£200,000 |
From 1 April 2014 (Corp Tax) From 6 April 2014 (Income Tax) |
£500,000 |
From 1 January 2013 (Corp Tax and Income Tax) |
£250,000 |
From 1 April 2012 (Corp Tax) From 6 April 2012 (Income Tax) |
£25,000 |
From 1 April 2010 (Corp Tax) From 6 April 2010 (Income Tax) |
£100,000 |
From 1 April 2008 (Corp Tax) From 6 April 2008 (Income Tax) |
£50,000 |
The rate is 100%
The limit is calculated on a pro-rata basis where the period is less than 12 months in length or where the period spans the January/April date.
Type |
Dates |
Rate |
Small |
Medium |
Large |
Plant & Machinery |
02/07/1997 to 01/07/1998 |
50% |
● |
● |
|
Plant & Machinery |
02/07/1998 to 31/03/2008 |
40% |
● |
● |
|
Computer & Info Tech |
01/04/2000 to 31/03/2004 |
100% |
● |
|
|
Energy Saving |
01/04/01 to Date (Corp Tax) 06/04/01 to Date (Income Tax) |
100% |
● |
● |
● |
Low Emission |
17/04/2002 to 31/03/2013 |
100% |
● |
● |
● |
Plant & Machinery |
01/04/2004 to 31/03/2005 01/04/2006 to 31/03/2008 (Corp Tax) 06/04/2004 to 05/04/2005 06/04/2006 to 05/04/2008 (Income Tax) |
50% |
●
|
|
|
The rate you claim depends on the Co2 emissions of your car and the date the car was bought.
| Co2 emissions | Dates | Rate |
| 0 | From1 April 2021 (Corp Tax) From 6 April 2021 (Income Tax) |
First year allowance rate |
| 1-50 | From 1 April 2021 (Corp Tax) From 6 April 2021 (Income Tax) |
Main rate allowance |
| 51 or above | Before 1 April 2021 (Corp Tax) Before 6 April 2021 (Income Tax) |
Special rate allowance |
| Co2 emissions | Dates | Rate |
| 50 or less | From1 April 2018 (Corp Tax) From 6 April 2018 (Income Tax) |
First year allowance rate |
| 51-110 | From 1 April 2018 (Corp Tax) From 6 April 2018 (Income Tax) |
Main rate allowance |
| 111 or above | Before 1 April 2018 (Corp Tax) Before 6 April 2018 (Income Tax) |
Special rate allowance |
| Co2 emissions | Dates | Rate |
| 75 or less | From1 April 2015 (Corp Tax) From 6 April 2015 (Income Tax) |
First year allowance rate |
| 76-130 | From 1 April 2015 (Corp Tax) From 6 April 2015 (Income Tax) |
Main rate allowances |
| 131 or above | Before 1 April 2015 (Corp Tax) Before 6 April 2015 (Income Tax) |
Special rate allowance |
| Co2 emissions | Dates | Rate |
| 95 or less | From1 April 2013 (Corp Tax) From 6 April 2013 (Income Tax) |
First year allowance rate |
| 96-130 | From 1 April 2013 (Corp Tax) From 6 April 2013 (Income Tax) |
Main rate allowances |
| 131 or above | Before 1 April 2013 (Corp Tax) Before 6 April 2013 (Income Tax) |
Special rate allowance |
| Co2 emissions | Dates | Rate |
| 100 or less | From1 April 2009 (Corp Tax) From 6 April 2009 (Income Tax) |
First year allowance rate |
| 111-160 | From 1 April 2009 (Corp Tax) From 6 April 2009 (Income Tax) |
Main rate allowances |
| 161 or above | Before 1 April 2009 (Corp Tax) Before 6 April 2009 (Income Tax) |
Special rate allowance |