CH 12 - Company Car and Fuel Beneifts

Question 1

What is the maximum capital contribution paid allowed to be deducted from the list price of a vehicle made available to an employee?

Answer 1

£5,000

any additional sum paid towards the list price of the vehicle would be ignored

Question 2

What is maximum % based on emissions?

Answer 2

37% (even with diesel +4%)

Question 3

When 4% supplement for diesel cars does not apply?

Answer 3

When a diesel car meets
Euro 6d emissions standards (aka RDE2*)

RDE2 - Real Driving Emissions Step 2 are exempt 4%.

Question 4

How long must be a car non-available for ‘non-availability deductions’ to apply?

Answer 4

Non-availability deductions only apply if the car is off the road for 30 days.

Question 5

When we recognise a vehicle as a classic car?

Answer 5

When such a car is 15 & more years old
&
Worth £15k or more at the end of tax year

(Market value is used instead of list price)