Maidment Judd Chartered Accountants
   Telephone (01582) 469500
 

08/09 Car and Fuel Benefits
Car benefit is now taxed in connection with the vehicle's Co2 emissions, based on the vehicles purchase price when new (up to a maximum purchase price of £80,000).

Company cars 2008/09

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

% of car’s list price taxed

Fuel benefit (£16,900 x %)

up to
120

10

1,690

135

15

2,535

140

16

2,704

145

17

2,873

150

18

3,042

155

19

3,211

160

20

3,380

165

21

3,549

170

22

3,718

175

23

3,887

180

24

4,056

185

25

4,225

190

26

4,394

195

27

4,563

200

28

4,732

205

29

4,901

210

30

5,070

215

31

5,239

220

32

5,408

225

33

5,577

230

34

5,746

235
and above

35

5,915

Company cars

  • For diesel cars add a 3% supplement, but maximum still 35%.

  • Discounts apply to certain environmentally friendly cars.

  • For cars registered before 1.1.98 charge is based on engine size.

  • The list price includes accessories and is subject to an upper limit of £80,000.

  • List price is reduced for capital contributions made by the employee up to £5,000.

  • Payments made by employees may reduce the benefits.

Fuel benefits

  • 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.

Van benefit per vehicle - 2007/08
All vans regardless of age £3,000
Fuel Scale Charge £500

Notes
1. Van benefits do not include fuel for private use.
2. The charge applies unless there is only occasional incidental private use, except home to work travelling.

Mileage Allowance Payments

Cars and vans

2007/08 and 2006/07 Rate per mile

Up to 10,000 miles

40p

Over 10,000 miles

25p

Bicycles

20p

Motorcycles

24p

These rates represent the maximum tax-free mileage allowances for employees using their own vehicles for business. Any excess is taxable. If the employee receives less than the statutory rate, tax relief can be claimed on the difference.

Top  Back

footer

© Copyright Maidment Judd 2004 - 2008. All rights reserved. This information has been produced for general interest. It is therefore essential to take advice on specific issues. We are unable to take responsibility for any outcome resulting from acting upon, or refraining to act upon, this information.