Company Cars

Car Benefits

The charge to tax for a company car is based on a percentage related to the carbon dioxide (CO2) emissions as detailed in the table below which is multiplied by the price of the car. For diesel cars, there is a 3% supplement (with a maximum of 35%).

Discounts for certain vehicles running on alternative fuels are abolished from 2011/12 and zero CO2 emissions cars will have an appropriate percentage of 0%. Provision of a car should be notified to HMRC using form P46(Car). With the recorded using the following codes: E (electrically propelled), D (diesel), Z (zero emissions) or A (all other vehicles).

The existing limit on the list price (currently £80,000) is removed from 6th April 2011.

CO2                         2014/15                      2013/14

0                               0                                  0

1-50                          5%                               5%

51-75                        5%                               5%

75-94                       11%                             10%

95-99                       12%                             11%

100-104                   13%                             12%

105-109                   14%                             13%

110-114                   15%                             14%

115-119                   16%                             15%

120-124                   17%                             16%

125-129                   18%                             17%

130-134                   19%                             18%

135-139                   20%                             19%

140-144                   21%                             20%

145-149                   22%                             21%

150-154                   23%                             22%

155-159                   24%                             23%

160-164                   25%                             24%

165-169                   26%                             25%

170-174                   27%                             26%

175-179                   28%                             27%

180-184                   29%                             28%

185-189                   30%                             29%

190-194                   31%                             30%

195-199                   32%                             31%

200-204                   33%                             32%

205-209                   34%                             33%

210-214                   35%                             34%

215-219                   35%                             35%

220+                        35%                             35%