Vehicle Benefits
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 | Petrol | Diesel |
|---|---|---|
| 0-50 | 13% | 17% |
| 51-75 | 16% | 20% |
| 76-94 | 19% | 23% |
| Above 94 | Add 1% for every 5g/km | |
| Above 179 (petrol)/ 159 (diesel) | 37% maximum | |
Vans
Chargeable value of £3,350 (2017/18 £3,230) if private use is more than home-to-work. Electric vans £670 (2017/18 £646).
Fuel
Employer provides fuel for private motoring in an employer-owned:
Car: CO2-based percentage from above table multiplied by £23,400 (2017/18 £22,600).
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).