Car, Van and Fuel Benefits
Company cars 2017-18
|CO2 emmissions (gm/km)(round down to nearest 5gm/km)||% of cars list price taxedPetrol||% of cars list price taxedDiesel|
|Up to 50||9||12|
|210 and above||37||37|
A 0% rate applies to cars which cannot emit CO2 when driven.
Special rules may apply to cars provided for disabled employees
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 2017-18
£22,600 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 2017-18
Van benefit £3,230
Fuel benefit £610
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.
Employees using their own cars for business:
Approved mileage allowance payments are 45p per mile for the first 10,000 miles in the tax year and 25p thereafter and a 5p supplement for a passenger. Income tax and NICs may be due on higher rates and tax relief may be available on lower rates. Rates for Bicycles are 20p and for Motorcycles are 24p