Main Budget announcements 2003
There were no changes to the income tax rates.
Inheritance tax threshold has risen to £255,000 (2002/03 - £250,000).
Registration limits have increased to £56,000
There has been no change to company tax rates
First year allowances for small businesses buying information and computer technology of 100% have been extended for another year
Tax on vans and cars is to rise by £5 in May (frozen for lorries and motorcycles).
Beer - up 1p a pint
Bottle of wine - up 4p
There is no increase for spirits and cider
Packet of 20 - Increase of 8p a packet
Trust funds will be set up for every child born since September 2002, with an initial endowment of between £250 - £500
Winter fuel allowance for pensioners will increase from £200 to £300 a year
These details are provided based upon an initial appraisal of information made available by H M Treasury. This is for information purposes only, and Numis Limited cannot be held responsible if the figures are relied upon.