Scrutton Bland Tax Card 18-19

Company Cars and Vans

Company car benefit is calculated by applying the appropriate percentage (based on the car’s CO 2 emissions – see table below) to the car’s UK list price. CO 2 emissions (g/km) Appropriate % CO 2 emissions (g/km) Appropriate % Petrol Diesel Petrol Diesel 0 - 50 13 17 135 - 139 28 32 51 - 75 16 20 140 - 144 29 33 76 - 94 19 23 145 - 149 30 34 95 - 99 20 24 150 - 154 31 35 100 - 104 21 25 155 - 159 32 36 105 - 109 22 26 160 - 164 33 31 Diesel cars that are registered on or after 1 September 2017 and meet the Euro 6d emissions standard are exempt from the 4% supplement. Company car fuel benefit is charged unless the cost of all fuel for private use is borne by the employee. The taxable benefit is calculated by applying the appropriate % to the car fuel benefit charge multiplier (£23,400). Where VAT is to be reclaimed on fuel for private use, the employer also has to account for output tax based on a flat rate charge derived from the vehicle’s CO 2 emissions. Company van benefit is generally not related to CO 2 emissions but is a set figure of £3,350 with an extra £633 where fuel for private use is provided. Van benefit charge for zero emission vans £1,340. Employees using their own cars for business: Approved mileage allowance payments are 45p per mile for the first 10,000 miles in the tax year and 25p thereafter. Income tax and NICs may be due on higher rates and tax relief may be available on lower rates. 37 110 - 114 115 - 119 120 - 124 125 - 129 130 - 134 23 24 25 26 27 27 28 29 30 165 - 169 170 - 174 175 - 179 180 and above 34 35 36 37

Value Added Tax From

1 April 2018

Standard Rate VAT Fraction Reduced Rate

20%

1/6 5%

Current Turnover Limits

Registration

– last 12 months or   next 30 days over

£85,000 from 1 April 2018 £83,000 from 1 April 2018

Deregistration – next 12 months under Annual and Cash Accounting Schemes

£1,350,000 £150,000

Flat Rate Scheme

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