05/06 Car and Fuel Benefits |
Company cars 2005/06
|
CO2 emissions (g/km) (round down to nearest 5g/km) |
% of car’s list price taxed |
Fuel benefit (£14,400 x %) |
up to
140 |
15 |
2,160 |
145 |
16 |
2,304 |
150 |
17 |
2,448 |
155 |
18 |
2,592 |
160 |
19 |
2,736 |
165 |
20 |
2,880 |
170 |
21 |
3,024 |
175 |
22 |
3,168 |
180 |
23 |
3,312 |
185 |
24 |
3,456 |
190 |
25 |
3,600 |
195 |
26 |
3,744 |
200 |
27 |
3,888 |
205 |
28 |
4,032 |
210 |
29 |
4,176 |
215 |
30 |
4,320 |
220 |
31 |
4,464 |
225 |
32 |
4,608 |
230 |
33 |
4,752 |
235 |
34 |
4,896 |
240
and above |
35 |
5,040 |
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
Van benefit per vehicle - 2005/06 and 2004/05 |
Vehicles under 4 years old
£500 |
Vehicles at least 4 years old
£350
|
Notes
1. The age is determined at the end of the tax year.
2. Van benefits include fuel for private use.
3. For 2005/2006 the charge only applies if there is unrestricted private use of the van.
|
Mileage Allowance Payments
Cars and vans |
2005/06 and 2004/05 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.
|
