Income Tax Mileage Allowances Vehicle Benefits Savings National Insurance Contributions Statutory Payments Corporation Tax Value Added Tax Capital Gains Tax Inheritance Tax Key Dates And Deadlines

TAX DATA INFORMATION

Vehicle Benefits

Chargeable on employees earning £8,500 or over (including benefits) and directors.

Car Benefit
The charge is a percentage of the list price derived from the following table according to the vehicle's CO₂ emissions:

NB. For information on hybrid petrol/electric engines + LPG or dual LPG + petrol please contact our office.

Notes

1. The list price relates to the day before first registration and includes accessories. The price is subject to an upper limit of £80,000.
2. The list price is reduced by the employee's capital contribution when the car is first made available, subject to a maximum deduction of £5,000
3. Special rules apply to cars at least 15 years old with a market value of £18,000 or more.
4. Payments by employees may reduce the taxable benefit.

Car Fuel Benefit:

The taxable benefit for using fuel for private journeys in a company car is the  percentage derived from the table above, based on the vehicle's CO₂ emissions multiplied by £16,900.

The fuel benefit is reduced to nil if the employee pays for all the fuel used for private journeys.