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 | Petrol | Diesel |
|---|---|---|
| 0-50g/km | 5% | 8% |
| 51-75g/km | 9% | 12% |
| 76-94/km | 13% | 16% |
| Above 94g/km | Add 1% for every 5g/km | |
| Above 210g/km (petrol)/ 195g/km (diesel) | 37% maximum | |
Vans
Chargeable value of £3,150 (2014/15 £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 £22,100 (2014/15 £21,700).
Van: £594 (2014/15 £581).
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).