tax table
company car and van benefits
Car Benefits
The income tax charge is based on a percentage of the car’s list price according to the level of the car’s carbon dioxide emissions.
| CO² Emissions (2005/2006 onward) | Petrol |
Diesel |
|---|---|---|
| 140 | 15% |
18% |
| 145 | 16% |
19% |
| 150 | 17% |
20% |
| 155 | 18% |
21% |
| 160 | 19% |
22% |
| 165 | 20% |
23% |
| 170 | 21% |
24% |
| 175 | 22% |
25% |
| 180 | 23% |
26% |
| 185 | 24% |
27% |
| 190 | 25% |
28% |
| 195 | 26% |
29% |
| 200 | 27% |
30% |
| 205 | 28% |
31% |
| 210 | 29% |
32% |
| 215 | 30% |
33% |
| 220 | 31% |
34% |
| 225 | 32% |
35% |
| 230 | 33% |
35% |
| 235 | 34% |
35% |
| 240 | 35% |
35% |
Fuel Benefit
If private fuel is paid for by the company, the Car Fuel Benefit is calculated by applying the relevant percentage for their company car to a predetermined figure, currently £14,400. For instance, for a person with a diesel company car with emissions of 200, the fuel benefit would be £4,320 (£14,400 x 30%).
Van Benefit
For 2005/2006 and 2006/2007, a van benefit of £500 (£350 for vans over four years old) will apply to employees who use their vans privately. (Ordinary commuting and insignificant private usage is disregarded).
From 2007/2008, the scale charge will increase to £3,000 irrespective of the van’s age. Where private fuel is provided, a further charge of £500 will apply.
An ant can lift
100 times its
own weight
