Car Benefit Assessment
Taxable benefit: Chargeable value multiplied by chargeable %.
Initial list price of car (including most accessories), reduced by any capital contribution (maximum £5,000) by employee when the car is first made available.
|CO2 emissions g/km *||Petrol||Diesel|
|Above 94||Add 1% for every 5g/km|
|Above 179 (petrol) / 159 (diesel)||37% maximum|
* The percentages for petrol cars apply to diesel cars that meet the RDE2 standard.
Chargeable value of £3,350 (2017/18 £3,230) if private use is more than home-to-work. Electric vans £1340 (2017/18 £646).
Employer provides fuel for private motoring in an employer-owned:
Car: CO2-based percentage from above table multiplied by £23,400 (2017/18 £22,600).
Van: £633 (2017/18 £610).
Employee contributions do not reduce taxable figure unless all private fuel is paid for by the employee (in which case there is no benefit charge).
Tax-free mileage allowances
|Employee's own transport||per business mile|
|Cars first 10,000 miles||45p|
|Cars over 10,000 miles||25p|