TF - Scale benefits for vehicles

SCALE BENEFITS FOR VEHICLES

Income tax rates

Income tax allowances

Capital gains tax

Scale benefits for vehicles

Mileage Allowance

VAT

Car benefit: the taxable benefit related to a company car available for private use is based on a scale determined by CO2 emissions (in g/km). The basic benefit is the car's price times the percentage for the CO2 emissions band. There are supplements for diesel engines and discounts for some alternative fuels.

2012-13	2011-12	2010-11	% *
99 or less	120 or less	120 or less	10
100	n/a	n/a	11
105	n/a	n/a	12
110	n/a	n/a	13
115	n/a	n/a	14
120	125	130	15
125	130	135	16
130	135	140	17
135	140	145	18
140	145	150	19
145	150	155	20
150	155	160	21
155	160	165	22
160	165	170	23
165	170	175	24
170	175	180	25
175	180	185	26
180	185	190	27
185	190	195	28
190	195	200	29
195	200	205	30
200	205	210	31
205	210	215	32
210	215	220	33 **
215	220	225	34 ***
220	225	230	35

*Add 3% for diesels except: **2%; ***1%.

The benefit will be reduced by up to £5,000 for employee contributions.

Fuel benefit: there is an additional charge where free fuel is provided for private use. The charge applies the above % to a set figure of £18000.

Company vans: where a van has unrestricted private use there is a scale charge of £500 (£350 if the van is over 4 years old).

National insurance contributions: Employers' NICs (Class 1A) are charged on both company cars and fuel benefits. They are assessed annually and collected with NICs on other benefits in kind.

The Tax Practice (Guildford) Limited registered in England & Wales 4414698