Cars
Taxable benefit: Chargeable value multiplied by chargeable %.
Chargeable value:
Initial list price of car (including most accessories), reduced by any capital contribution (maximum £5,000) by employee when the car is first made available.
Chargeable percentage:
| CO2 emissions g/km* | Petrol | Diesel |
|---|---|---|
| 0-50 | 16% | 20% |
| 51-75 | 19% | 23% |
| 76-94 | 22% | 26% |
| Above 94 | Add 1% for every 5g/km | |
| Above 164 (petrol)/ 144 (diesel) | 37% maximum |
*The percentages for petrol cars apply to diesel cars that meet the RDE2 standard.
Vans
Chargeable value of £3,430 (2018/19 £3,350) if private use is more than home-to-work. Electric vans £2,058 (2018/19 £1,340).
Fuel
Employer provides fuel for private motoring in an employer-owned:
Car: CO2-based percentage from above table multiplied by £24,100 (2018/19 £23,400).
Van: £655 (2018/19 £633).
Employee contributions do not reduce taxable figure unless all private fuel is paid for by the employee (in which case there is no benefit charge).