Tax Rates 2024/25
Spring Statement

Main capital allowances

Plant and machinery allowances Year to
31.3.25
Year to
31.3.24
Companies only
– First-year allowance (main pool) 100% 100%
– First-year allowance (special rate pool) 50% 50%
Annual Investment Allowance (AIA)
– expenditure up to £1m 100% 100%
New electric vans 100% 100%
Writing down allowance: main pool 18% 18%
Writing down allowance: special rate pool 6% 6%

Motor cars purchased
  From 1.4.21
CO2 (g/km)
Allowance
New cars only Nil 100%
In general pool up to 50 18%
In special rate pool above 50 6%

Structures and buildings allowance  
Fixed deduction per annum 3%