Cars
Taxable benefit: Chargeable value multiplied by chargeable %.
Chargeable value:
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.
Chargeable percentage:
| CO2 emissions g/km* | Cars reg’d before 6.4.20* | Cars reg’d on or after 6.4.20* |
|---|---|---|
| 0-50 | 14% | 13% |
| 51-75 | 15% | 14% |
| Over 54 | 19% | 23% |
| Above 94 | Add 1% for every 5g/km up to 37% | |
* Diesel Vehicles not meeting the RDE2 standard will be liable to a 4% surcharge, up to a maximum of 37%.
Vans
Chargeable value of £3,500 (2020/21 £3,490) if private use is more than home-to-work. Electric vans £669 (2020/21 £666).
Fuel
Employer provides fuel for private motoring in an employer-owned:
Car: CO2-based percentage from above table multiplied by £24,600 (2020/21 £24,500).
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).
