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Table 1 – 2019/20 CO2 emissions (g/km)
percentage for any company car with CO2 emissions of 90 g/km and above first registered before 6 April 2020 is increased by one point, to a maximum of 37%. For cars first registered from 6 April 2020, the appropriate percentage is reduced by two points in 2020/21, but will increase by one point in tax years 2021/22 and 2022/23. For cars with CO2 emissions of 51g/km and above, the appropriate percentage is based on the CO2 emissions only. A supplement of 4% applies to diesel cars but the maximum percentage cannot exceed 37%. If the car meets the RDE2 standard, the diesel supplement is not applicable. From tax year 2020/21, several new bands (including a separate zero emission band) operate for ultra-low emission vehicles (ULEVs) which have CO2 emissions below 75 g/km. The lowest CO2 bands are based on the ‘electric range’ of the vehicle, as well as the CO2 emissions. Within the CO2 range 1–50 g/km, are five bands that focus on a car’s electric mileage or zero emission mileage. See truncated table 2. Sourcing emission information HMRC does not supply emissions figures. Typically, the figure for a car can be found in its Certificate of Conformity, but otherwise it can be obtained from the car manufacturer. Employers leasing a car should obtain the information from their car leasing firm or fleet provider. n
%
Zero
16 16 19 22 23
1–50
51–75 76–94
95
A supplement of 4% applies to diesel cars but the maximum percentage cannot exceed 37%. If the car meets the RDE2 standard, the diesel supplement is not applicable. For the 2019/20 tax year, information about emissions are available from the Driver Vehicle Licencing Agency (https:// bit.ly/3cziO3r). For cars manufactured since September 2018, the online Vehicle Enquiry Service (https://vehicleenquiry. service.gov.uk/) will help identify whether a car meets Euro standard 6d; in addition, such information is also available in the V5C form. Tax year 2020/21, and beyond A different set of appropriate percentages are in operation, based on whether the car was first registered before or on or after 6 April 2020. Irrespective of the date of registration, the appropriate percentage for cars that do not produce any CO2 – i.e. all fully electric cars – is significantly reduced (from 16% to 0%). Alongside these changes, there is the adoption of the Worldwide Harmonised Light-Vehicles Test Procedure (WLTP) for all new cars registered from 6 April 2020. In tax year 2020/21, the appropriate
The pensions industry, whether public or private sector, is complex.
This qualification sets out to ensure an in- depth understanding of the Local Government Pension Scheme (England andWales) whilst providing transferable management skills including time, project, and operational management.
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Table 2 – 2020/21
Registration before 6/4/2020 after 5/4/2020 % %
Electric range (in miles) (zero emissions)
CO2 emissions g/km
Delivered in conjunction with
0
n/a
0 2 5 8
0 0 3 6
130 and above
70–129 40–69 30–39 below 30
1–50
For more information or to enrol: Visit: cipp.org.uk/study Email enquiries@cipp.org.uk
12 14 15 16 37 37 37
10 12 13 14 35 36 37
51–54 55–59
Call: 0121 712 1023 Live chat with us
Then in five g/km steps 160–164
165–169
170 or more
cipp.org.uk @CIPP_UK
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| Professional in Payroll, Pensions and Reward |
Issue 61 | June 2020
*correct at time of publication
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