Car And Fuel Benefits

 

 

The following rates apply for 2011/12.

 

CO2 emissions
grams per kilometre
Petrol Diesel
% of list price
1 - 75 5 8
76 - 120 10 13
121 - 129 15 18
130 - 134 16 19
135 - 139 17 20
140 - 144 18 21
145 - 149 19 22
150 - 154 20 23
155 - 159 21 24
160 - 164 22 25
165 - 169 23 26
170 - 174 24 27
175 - 179 25 28
180 - 184 26 29
185 - 189 27 30
190 - 194 28 31
195 - 199 29 32
200 - 204 30 33
205 - 209 31 34
210 - 214 32 35
215 - 219 33 35
220 - 224 34 35
225 and above 35 35

 

find the CO2 figure for your car, you can

 

visit the Vehicle Certification Agency www.vca.gov.uk

  • inspect the car's V5 registration document
  • ask your dealer
  • look at the data pages of car magazines
  • For cars registered from 1 January 1998 with no CO2 emissions figures, the tax charge is 15% of the list price for engines up to 1,400 cc, 22% for engines of 1,401 cc to 2,000 cc and 32% for engines above 2,000 cc.
  • Where cars have zero CO2 emissions in all circumstances, the car benefit charge is reduced to zero.
  • List price is reduced for capital contributions made by the employee up to £5,000.
  • Employee contributions reduce the taxable benefit by the amount paid.
  • There are various discounts on the percentages for car driven on alternative fuels

Fuel Benefits

  • The car fuel benefit is calculated by applying the above car benefit percentage to a figure of £18,800 (2010/11 - £18,000).
  • The fuel benefit 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.

 

Next Step:

 

Please contact us if you need further advice, have any questions about our services, would like a free consultation.

Speak to us today. Call: 0333 5775332 or Email: info@account-direct.com

 

 

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