Budget 2008 Introduction Main Income Tax reliefs Income Tax Rates and bands Car Benefit Assessment Tax Free Mileage Allowances National Insurance Contributions Pension Contributions Inheritance Tax Value Added Tax Capital Gains Tax Corporation Tax Main capital allowances Stamp Duty & Stamp Duty Land Tax Earliest due dates for payment of tax

Tax Free Mileage Allowances   Higher Rate Lower Rate   2008/09 & 2007/08 unchanged All cars 40p 25p Motorcycles 24p 24p Bicycles 20p 20p Business passengers 5p 5p   Higher Rate allowed up to 10,000 business miles.   Fuel-only allowances for company cars     Petrol Diesel LPG From 1.1.2008 Up to 1400cc 11p 11p 7p 1401 - 2000cc 13p 11p 8p Over 2000cc 19p 14p 11p   These figures may change more often than once a year.