PART 2: TAX
Cars with no CO2 emissions’ figure from 6th April 2002
Tax charge as % of car purchase price
Date from COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS Registered before 1st January 1998 Registered after 1st January 1998 0 - 1400cc % 1401 to 2000cc % Over 2000cc % 0 - 1400cc % 1401 to 2000cc % Over 2000cc % 06/04/2002 15 22 32 15 25 35 06/04/2015 15 22 32 15 25 37 06/04/2016 16 27 37 16 27 37 Classic cars Those 15 or more years old at the end of the tax year, and with a market value of £15000 or more - are taxed on the basis of their market value on the last day of the tax year. From 6th April 2014 The emissions’ table was re-drawn again such that to attract the new 5% charge the emissions’ value had to be 75 g/km or less. From 6th April 2015 The zero band (below 75 g/km) was abolished and the lowest charges become: • 0-50 g/km 5% • 51-75 g/km 9% • 76+ g/km: current rates up by 2% from 13% up to 37%. From 6th April 2016 The 3% diesel supplement which was to be abolished was retained and the rates became: • 0-50 g/km 7% • 51-75 g/km 11% • 76+ g/km: 2015 rates up by 2% from 15% up to 37%. No printing, copying or reproduction permitted. From 6th April 2017 • 4% points differential between bottom two tiers retained • Additional reporting requirements for voluntary payrolling arrangements • Company cars made available for private use under a salary sacrifice arrangement are valued at the higher of the normal calculation in the benefit in kind manual and the salary foregone • Also applies to any “cash for car” arrangements.
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