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 | 9% | 12% |
| 51-75 | 13% | 16% |
| 76-94 | 17% | 20% |
| Above 94 | Add 1% for every 5g/km | |
| Above 189 (petrol)/ 174 (diesel) | 37% maximum | |
Vans
Chargeable value of £3,230 (2016/17 £3,170) 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 £22,600 (2016/17 £22,200).
Van: £610 (2016/17 £598).
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).