VEHICLES - TAXABLE BENEFITS & MILEAGE RATES

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01332 202660

61 Friar Gate  Derby  DE1 1DJ

Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ   T: 01332 202660

Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd.  Registered in England No. 05770414

  ■ Corporation Tax ■ Capital Allowances ■ Stamp Duty & SDLT ■ Investing in a small business ■

Rates & Allowances Pages ► Income Tax Rates & Allowances ■ Capitlal Gains Tax ■ Pensions ■

■ Inheritance Tax ■ National Insurance ■ Statutory Pay ■ Child Benefit ■ Vehicles ■ VAT ■ ISAs ■

Car Benefit - The taxable benefit is calculated as a percentage of the list price of the car, on the day before it was first registered. The percentage depends on the rate at which the car emits CO2.

Car Fuel Benefit - Where an employee has the benefit of private fuel for a company car the percentage used to calculate the car benefit is applied to the 'fuel charge multiplier' to work out the assessable benefit. Fuel charge multiplier for 19/20 £24,100 (18/19 £23,400)

Van Benefit - There will be a tax charge for an employee who is provided with a company van that is made available for private use. There is also a tax charge where fuel is provided for private use.  Benefit for CO2 emitters 19/20 £3,430 (18/19 £3,350) Fuel benefit 19/20 £655 (18/19 £633)

Mileage Allowance Payments are what an employee can receive from their employer for using their own vehicle for business.

Advisory Fuel Rates - where employers reimburse employees for business travel in a company car. Pence/mile