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Krogh & Partners Limited
 
Your auditor, accountant and advisor in the United Kingdom
Vehicle Benefit





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       
9%
12%
51-75g/km       
13%
16%
76-94g/km
17%
20%
Above 94g/km
Add 1% for every 5g/km
Above 198g/km (petrol) /174g/km (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 figures unless all private fuel is paid for by the employee (in which case there is no benefit charge).


Tax rates

Tax rates 2016/17
Income Tax
Annual investment limits
Vehicle Benefit
Tax free mileage allowances
National Insurance Contributions
Pension contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Property Taxes
Key dates and deadlines
Useful rates