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Charge
based on a percentage of the initial list price of the car, including
accessories, delivery charges and VAT. The percentage depends on the
carbon dioxide emissions rating of the car, and whether the engine runs
on petrol or diesel.
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Ratings
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Petrol
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Diesel
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0-140g/km
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15%
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18%
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over
140g/km
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+1% for each extra 5g/km (145,150,etc.)
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Maximum
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35%
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35%
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Special
rules apply to older cars which do not have a CO2 rating.
Employee contributions for private use are deducted from the taxable
figure.
Company vans are charged at £3,000 (2006/07: £500) if private use is more
than home-to-work travel. An additional amount of £500 (2006/07: nil) is
charged if fuel is provided free for private use.
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Car
fuel benefit
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The
benefit of free fuel for private use in a company car is calculated using
the same percentage as that used for the car benefit, applied to a
standard figure of £14,400. The taxable amount is therefore between
£2,160 (min.) and £5,040 (max.).
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