Car and Fuel Benefits
If you are looking at company car and fuel benefits, and reviewing or planning your finances, please feel free to contact us. We can discuss your specific circumstances to help you plan tax efficiently.
Company Cars
The charge is based on the price of the car for tax purposes (normally the list price) and accessories multiplied by an appropriate percentage based on the level of CO2 emissions and the fuel the car uses.
This table is based on the relevant threshold from 2017/18 onwards. The rates are applicable to cars registered from 1st January 1998 and show the appropriate percentages for petrol powered cars.
CO2 emissions (g/km) (see Note)
| 2017/18 | 2018/19 | 2019/20 | 2020/21 | |
| 0 | 9% | 13% | 16% | 2% |
| 1 – 50 | 9% | 13% | 16% | >130 miles 2% 70-129 miles 5% 40-69 miles 8% 30-39 miles 12% < 30 miles 14% |
| 51 – 75 | 13% | 16% | 19% | CO2 emissions (g/km) 51-54 15% 55-59 16% 60-64 17% 65-69 18% 70-74 19% |
| 76 – 94 | 17% | 19% | 22% | CO2 emissions (g/km) 75-79 20% 80-84 21% 85-89 22% 90-94 23% |
| 95 – 99 | 18% | 20% | 23% | 24% |
| 100 – 104 | 19% | 21% | 24% | 25% |
| 105 – 109 | 20% | 22% | 25% | 26% |
| 110 – 114 | 21% | 23% | 26% | 27% |
| 115 – 119 | 22% | 24% | 27% | 28% |
| 120 – 124 | 23% | 25% | 28% | 29% |
| 125 – 129 | 24% | 26% | 29% | 30% |
| 130 – 134 | 25% | 27% | 30% | 31% |
| 135 – 139 | 26% | 28% | 31% | 32% |
| 140 – 144 | 27% | 29% | 32% | 33% |
| 145 – 149 | 28% | 30% | 33% | 34% |
| 150 – 154 | 29% | 31% | 34% | 35% |
| 155 – 159 | 30% | 32% | 35% | 36% |
| 160 – 164 | 31% | 33% | 36% | 37% |
| 165 – 169 | 32% | 34% | 37% | 37% |
| 170 – 174 | 33% | 35% | 37% | 37% |
| 165 – 179 | 34% | 36% | 37% | 37% |
| 180 – 184 | 35% | 37% | 37% | 37% |
| 185 – 189 | 36% | 37% | 37% | 37% |
| 190+ | 37% | 37% | 37% | 37% |
For diesel powered cars:
• an additional 3% should be added for all emission bands (until 31 March 2018) subject to a maximum charge of 37%.
• which do not meet the RDE2 standard (i.e. NOx > 80mg/km) – an additional 4% should be added for all emission bands (from 1 April 2018) subject to a maximum charge of 37%.
• which do meet the RDE2 standard (i.e. NOx ? 80mg/km) – exempt from the diesel supplement (from 1 April 2018).
Company Vans
The charges are:
2018/19 2019/20
£3,350 £3,430
Fuel Charges – Company Cars and Vans
Cars: To calculate the benefit charge on free or subsidised fuel for private use, the appropriate percentage used in calculating car benefit is multiplied by a set figure for the tax year.
Cars
Tax Year Price
2018/19 £23,400
2019/20 £24,100
Vans
Tax Year Price
2018/19 £633
2019/20 £655
Please contact us for further information.
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