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Benefits in Kind (2007/08)
|
For employees earning £8,500pa or more including expense payment and benefits, AND Directors;
Cars
A percentage ranging from 15% to 35% of the manufacturers list price. The rate depends on carbon dioxide emissions irrespective of business mileage.
|
| CO2 Rating |
Petrol |
Diesel |
| 0 - 140g/km |
15% |
18% |
| 140g/km+ |
+ 1% for each additional 5g/km |
| Maximum |
35% |
35% |
Percentages reduced for vehicles with lower emissions:
| Electric-only cars |
6% |
| Hybrid cars (electric and petrol) |
3% |
| Bi-fuel cars (lpg and petrol) registered pre 05/04/2006 |
2% |
Fuel
£14,400 multiplied by the same CO2 rate as Cars.
| Minimum |
£2,160 (15%) |
| Maximum |
£5,040 (35%) |