Car & Fuel Benefits

Posted on November 17, 2011 by admin

 

Company cars 2011/12

CO2 emissions (gm/km)
(round down to nearest 5gm/km)

% of car’s list price taxed

up to 125

15

130

16

135

17

140

18

145

19

150

20

155

21

160

22

165

23

170

24

175

25

180

26

185

27

190

28

195

29

200

30

205

31

210

32

215

33

220

34

225 and above

35

Company cars

  • For diesel cars add a 3% supplement but maximum still 35%.
  • A 0% rate applies to cars which cannot emit CO2 when driven.
  • A 5% rate applies to non-electric cars with emissions which do not exceed 75gm/km.
  • A 10% rate applies to non-electric cars with emissions of no more than 120gm/km.
  • The diesel supplement can apply to 75 and 120 gm/km cars.
  • For cars registered before 1 January 1998 the charge is based on engine size.
  • The list price includes accessories and is not subject to an upper limit.
  • The list price is reduced for capital contributions made by the employee up to £5,000.

Car fuel benefit 2011/12

£18,800 x ‘appropriate percentage’*

*Percentage used to calculate the taxable benefit of the car for which the fuel is provided.

The charge does not apply to certain environmentally friendly cars.

The charge is proportionately reduced if provision of private fuel ceases part way through the year. The fuel benefit is reduced to nil only if the employee pays for all private fuel.

Van benefit per vehicle 2011/12

Van benefit £3,000

Fuel benefit £550

The charges do not apply to vans which cannot emit CO2 when driven or if a ‘restricted private use condition’ is met throughout the year.

This entry was posted in Resources. Bookmark the permalink.