Budget Summary 2011 Introduction Main Income Tax reliefs Income Tax rates and bands Car benefit assessment Tax-free mileage allowances National Insurance Contributions Pension Contributions Inheritance Tax Important annual limits Value Added Tax Capital Gains Tax Corporation Tax Main capital allowances Stamp Duty & Stamp Duty Land Tax Earliest due dates for payment of tax	Corporation Tax   Year to 31.3.2012 31.3.2011   Main rate 26% 28% Profits above £1.5m £1.5m   Small companies rate 20% 21% Profits up to £300k £300k   Small/large marginal band £300k - £1.5m £300k - £1.5m Fraction (effective rate) 3/200 (27.50%) 7/400 (29.75%)