Maidment Judd Chartered Accountants
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07/08 Car and Fuel Benefits

Company cars 2007/08

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

  • 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

Vehicles under 4 years old
£3000

Vehicles at least 4 years old
£3000

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.

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