The lowest appropriate percentages are still 0 per cent and 5 per cent. 10 per cent will now apply to cars with CO2 emissions of 76g/km to 94g/km. The appropriate percentage will increase by 1 per cent for all vehicles with CO2 emissions between 95g/km and 215g/km, to a maximum of 35 per cent. Changes from 2014-15 The lower threshold will be reduced from 115g/km to 110g/km. The lowest appropriate percentages are still 0 per cent and 5 percent. 11 per cent will now apply to cars with CO2 emissions of 76g/km to 94g/km. The appropriate percentage will increase by 1 per cent for all vehicles with CO2 emissions between 95g/km and 210g/km, to a maximum of 35 per cent. Changes from 2015-16 The appropriate percentage for zero emission cars reverts to 9 per cent unless this figure is changed in any future announcement. The special rules for cars with CO2 emissions not exceeding exactly 75g/km will be abolished.
Company car and van fuel benefit for 2014/15
16 December 2013
The Van benefit and Car and Van Fuel Benefit Order 2013 has been published confirming the increase in figures used to calculate cash equivalents of the taxable benefits provided to employees and directors with company vehicles.
The Van benefit and Car and Van Fuel Benefit Order 2013 comes into force on 31 December 2013 and has effect for the tax year 2014-15 and subsequent tax years.
Car fuel - calculating the cash equivalent: the figure will increase from £21,100 to £21,700 .
Van fuel - calculating the cash equivalent: the figure will increase from £564 to £581 .
Cash equivalent of the benefit of a van: the figure will increase from £3,000 to £3,090 .
HMRC Company car and car fuel benefit calculator
13 January 2014
The calculator has been updated to include calculations for 2014 to 2015.
When a company car is made available for the private use of an employee a 'benefit in kind' value is calculated in relation to the car, and the fuel if that is also provided for private use.
This calculator:
allows you to calculate the 'benefit in kind' value of a company car and, if appropriate the car fuel benefit provides an indication of the Income Tax you would be liable to pay for the provision of company car and car fuel benefit.
The calculator allows calculations for the years:
2009 to 2010 2010 to 2011 2011 to 2012
CIPP Policy News Journal
16/04/2014, Page 136 of 519
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