PART 2: TAX
Vehicle 4 years of age and over
Up to 1400cc
350
700
950
1,150 1,400 1,460 1,580
1401-2000cc COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS 470 940 1,250 1,500 1,800 1,880 2,030 2001cc + 725 1,425 1,950 2,350 2,850 2,980 3,220 Table B Market value Vehicle under 4 years of age £19251-£29000 1,450 2,900 3,850 4,600 5,500 5,750 6,210 £29001+ 2,300 4,600 6,150 7,400 8,900 9,300 10,040 Vehicle 4 years of age and over £19251-£29000 970 1,940 2,600 3,100 3,700 3,870 4,180 £29001+ 1,530 3,060 4,100 4,900 5,900 6,170 6,660 Market Value Table upper limits Up to 1400cc 6,000 6,000 6,000 6,000 6,000 6,000 6,000 1401cc–2000cc 8,500 8,500 8,500 8,500 8,500 8,500 8,500 2000cc + 19,250 19,250 19,250 19,250 19,250 19,250 19,250 Company car benefit historical notes From 6th April 1994 to 5th April 2002 the standard car tax benefit charge was based on 35% of the price of the car ‘for tax purposes’, which could be reduced to take account of: • the business mileage of the employee • the age of the car at the end of the tax assessment year • periods of time when the car was unavailable for use • any payments made towards the personal use of the car. No printing, copying or reproduction permitted. Where business mileage was lower than 2,500 miles in the year scale rates were increased by 50%. Where business mileage reached 18,000 miles or more in the year, scale rates were reduced by 50%. The price of the car was usually deemed to be: • the published price of the car on the day before its first registration, inclusive of VAT, car tax, delivery charges, and • the list price of any extras • minus the total value of any capital contributions made by the employee towards the cost
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