Car Benefit 2014/15
Taxable benefit is chargeable value multiplied by chargeable percentage.
Chargeable value: initial list price of car (including accessories).
Chargeable percentage:
Electric car with no emissions: 0%
| CO2 Ratings | Petrol | Diesel |
|---|---|---|
| 1-75g/km | 5% | 8% |
| 76-94g/km | 11% | 14% |
| 95-99g/km | 12% | 15% |
– increasing by 1% at 100, 105, 110 etc., until the max. 35% (at 210g/km for petrol, 195g/km for diesel)
Vans
Chargeable value of £3,090 if private use is more than home-to-work.
Fuel
Employer provides fuel for private motoring in an employer-owned:
car: CO2-based percentage from above table multiplied by £21,700.
van: £581.
Employee contributions for fuel do not reduce taxable figure unless all private fuel is paid for.