If you are looking at company car and fuel benefits, and reviewing or planning your finances, please feel free to contact us. We can discuss your specific circumstances to help you plan tax efficiently.
Company Cars
The charge is based on the price of the car for tax purposes (normally the list price) and accessories multiplied by an appropriate percentage based on the level of CO2 emissions and the fuel the car uses.
| Company car tax - Cars first registered on or after 6 April 2020 | |||||||
| C02 emissions, g/km | Electric | Appropriate Percentage (%) | |||||
| Range (miles) | 2020-21 | 2021-22 | 2022-23 | 2023-24, 2024-25 | |||
| 0 | N/A | 0 | 1 | 2 | 2 | ||
| 1-50 | >130 | 0 | 1 | 2 | 2 | ||
| 1-50 | 70-129 | 3 | 4 | 5 | 5 | ||
| 1-50 | 40-69 | 6 | 7 | 8 | 8 | ||
| 1-50 | 30-39 | 10 | 11 | 12 | 12 | ||
| 1-50 | <30 | 12 | 13 | 14 | 14 | ||
| 51-54 | 13 | 14 | 15 | 15 | |||
| 55-59 | 14 | 15 | 16 | 16 | |||
| 60-64 | 15 | 16 | 17 | 17 | |||
| 65-69 | 16 | 17 | 18 | 18 | |||
| 70-74 | 17 | 18 | 19 | 19 | |||
| 75-79 | 18 | 19 | 20 | 20 | |||
| 80-84 | 19 | 20 | 21 | 21 | |||
| 85-89 | 20 | 21 | 22 | 22 | |||
| 90-94 | 21 | 22 | 23 | 23 | |||
| 95-99 | 22 | 23 | 24 | 24 | |||
| 100-104 | 23 | 24 | 25 | 25 | |||
| 105-109 | 24 | 25 | 26 | 26 | |||
| 110-114 | 25 | 26 | 27 | 27 | |||
| 115-119 | 26 | 27 | 28 | 28 | |||
| 120-124 | 27 | 28 | 29 | 29 | |||
| 125-129 | 28 | 29 | 30 | 30 | |||
| 130-134 | 29 | 30 | 31 | 31 | |||
| 135-139 | 30 | 31 | 32 | 32 | |||
| 140-144 | 31 | 32 | 33 | 33 | |||
| 145-149 | 32 | 33 | 34 | 34 | |||
| 150-154 | 33 | 34 | 35 | 35 | |||
| 155-159 | 34 | 35 | 36 | 36 | |||
| 160+ | 35 | 36 | 37 | 37 | |||
| 165-169 | 36 | 37 | 37 | 37 | |||
| 170 and over | 37 | 37 | 37 | 37 | |||
For all cars, drivers must add 4% to their appropriate percentage if the car is propelled solely by diesel (up to a maximum of 37%). Cars that meet the Real Driving Emissions Step 2 (RDE2) standard are exempt from the diesel supplement.
| Company car tax - Cars first registered before 6 April 2020 | ||||
| C02 emissions, g/km | Electric | Appropriate Percentage (%) | ||
| Range (miles) | 2020-21 | 2021-22 | 2022-23 | |
| 0 | N/A | 0 | 1 | 2 |
| 1-50 | >130 | 2 | 2 | 2 |
| 1-50 | 70-129 | 5 | 5 | 5 |
| 1-50 | 40-69 | 8 | 8 | 8 |
| 1-50 | 30-39 | 12 | 12 | 12 |
| 1-50 | <30 | 14 | 14 | 14 |
| 51-54 | 15 | 15 | 15 | |
| 55-59 | 16 | 16 | 16 | |
| 60-64 | 17 | 17 | 17 | |
| 65-69 | 18 | 18 | 18 | |
| 70-74 | 19 | 19 | 19 | |
| 75-79 | 20 | 20 | 20 | |
| 80-84 | 21 | 21 | 21 | |
| 85-89 | 22 | 22 | 22 | |
| 90-94 | 23 | 23 | 23 | |
| 95-99 | 24 | 24 | 24 | |
| 100-104 | 25 | 25 | 25 | |
| 105-109 | 26 | 26 | 26 | |
| 110-114 | 27 | 27 | 27 | |
| 115-119 | 28 | 28 | 28 | |
| 120-124 | 29 | 29 | 29 | |
| 125-129 | 30 | 30 | 30 | |
| 130-134 | 31 | 31 | 31 | |
| 135-139 | 32 | 32 | 32 | |
| 140-144 | 33 | 33 | 33 | |
| 145-149 | 34 | 34 | 34 | |
| 150-154 | 35 | 35 | 35 | |
| 155-159 | 36 | 36 | 36 | |
| 170 and over | 37 | 37 | 37 | |
This table is based on the relevant threshold from 2017/18 onwards. The rates are applicable to cars registered from 1st January 1998 and show the appropriate percentages for petrol powered cars.
CO2 emissions (g/km) (see Note) | 2017/18 | 2018/19 | 2019/20 | 2020/21 |
| 0 | 9% | 13% | 16% | 2% |
| 1-50 | 9% | 13% | 16% | Electric motoring range: > 130 miles 2% 70-129 miles 5% 40-69 miles 8% 30-39 miles 12% < 30 miles 14% |
| 51-75 | 13% | 16% | 19% | CO2 emissions (g/km) 51-54 15% 55-59 16% 60-64 17% 65-69 18% 70-74 19% |
| 76-94 | 17% | 19% | 22% | CO2 emissions (g/km) 75-79 20% 80-84 21% 85-89 22% 90-94 23% |
| 95-99 | 18% | 20% | 23% | 24% |
| 100-104 | 19% | 21% | 24% | 25% |
| 105-109 | 20% | 22% | 25% | 26% |
| 110-114 | 21% | 23% | 26% | 27% |
| 115-119 | 22% | 24% | 27% | 28% |
| 120-124 | 23% | 25% | 28% | 29% |
| 125-129 | 24% | 26% | 29% | 30% |
| 130-134 | 25% | 27% | 30% | 31% |
| 135-139 | 26% | 28% | 31% | 32% |
| 140-144 | 27% | 29% | 32% | 33% |
| 145-149 | 28% | 30% | 33% | 34% |
| 150-154 | 29% | 31% | 34% | 35% |
| 155-159 | 30% | 32% | 35% | 36% |
| 160-164 | 31% | 33% | 36% | 37% |
| 165-169 | 32% | 34% | 37% | 37% |
| 170-174 | 33% | 35% | 37% | 37% |
| 175-179 | 34% | 36% | 37% | 37% |
| 180-184 | 35% | 37% | 37% | 37% |
| 185-189 | 36% | 37% | 37% | 37% |
| 190+ | 37% | 37% | 37% | 37% |
For diesel powered cars:
- an additional 3% should be added for all emission bands (until 31 March 2018) subject to a maximum charge of 37%.
- which do not meet the RDE2 standard (i.e. NOx > 80mg/km) - an additional 4% should be added for all emission bands (from 1 April 2018) subject to a maximum charge of 37%.
- which do meet the RDE2 standard (i.e. NOx ? 80mg/km) - exempt from the diesel supplement (from 1 April 2018).
For details of how the table is used in calculating the Car Benefit Charge see example EIM24015 onwards.
Company Vans
The charges are:
Type of Van | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2023/24 | Normal | £3,230 | £3,350 | £3,430 | £3,490 |
Zero emission | - | £1,340 | £2,058 | ||
Van benefit | - | £3,690 |
Fuel Charges – Company Cars and Vans
Cars
To calculate the benefit charge on free or subsidised fuel for private use, the appropriate percentage used in calculating car benefit is multiplied by a set figure for the tax year.
| Tax Year | Price |
| 2018/19 | £23,400 |
| 2019/20 | £24,100 |
| 2020/21 | £24,500 |
| 2023/24 | £27,800 |
Vans
| Tax Year | Price |
| 2018/19 | £633 |
| 2019/20 | £655 |
| 2020/21 | £666 |
| 2023-24, 2024-25 | £757 |
Please contact us for further information.
