Company Cars
All other cars with emission rating of 120 g/km or less (except electric) Ultra-low carbon vehicles cars with emission rating of 75 g/km or less (except electric)
-
10% charge
5% charge from 2010/11
- COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS Change from 6th April 2011 The list price capping of £80,000 was removed. Change from 6th April 2012 The emissions’ table was re-drawn as QUALECs were abolished so the table ran from 10% to 35%, 10% being applicable to emission of 100 g/km or less. Electric cars still attract a 0% charge. Change from 6th April 2013 The emissions’ table was re-drawn again such that to attract the 10% charge the emissions value must be 95 g/km or less. Company car benefit 6th April 2002 to date The tax charge is based on a percentage of the purchase (list) price of the car, that percentage being determined by the car’s carbon dioxide (CO2) emissions measured in grams per kilometre (g/km) rounded down to the nearest 5g/km. The charge increases in steps per 5g/km above the minimum level of 7%, with a maximum ceiling of 37%. All diesel cars are subject to a 3% premium in recognition of their higher emission rate although the maximum charge for a diesel car is capped at the same 37% level as applied to petrol engine cars. Until 5th April 2012 cars that emitted CO2 at, or below a specified level attracted a minimum charge (10% of the car’s price - see QUALECs below). Emission details Vehicles registered from November 2000 have their CO2 emission details recorded on their Vehicle Registration Document (V5). Details for cars first registered from January 1998 are available on the Internet. Those cars first registered after 1st January 1998 for which no approved CO2 emission details are available (imported cars) are assessed on engine size. Those without a cylinder capacity are taxed on 16% of the price where propelled solely by electricity and 37% in other cases. No printing, copying or reproduction permitted. From 6th April 2009 disabled drivers (those with a blue badge) use the list price and C02 emissions of the equivalent manual car if they are required to drive an automatic car.
171
Made with FlippingBook - Online magazine maker