Tax rates & allowances
Taxable benefit: Chargeable value multiplied by chargeable %.
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.
|CO2 emissions g/km||Petrol||Diesel|
|Above 94||Add 1% for every 5g/km|
|Above 189 (petrol)/ 174 (diesel)||37% maximum|
Chargeable value of £3,230 (2016/17 £3,170) if private use is more than home-to-work.
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).