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Tax Rates |
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Car and Fuel |
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From 2002-2003 |
First
10,000 business miles in the tax year |
Each
mile over 10,000 miles in the tax year |
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Cars and vans |
40p |
25p |
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Motor cycles |
24p |
24p |
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Bicycles |
20p |
20p
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Company car fuel
To calculate the benefit charge on free fuel the percentage figure will
be multiplied against a set figure for the year.
From 2003-04 the set figure is
£14,400
Example
If car benefit percentage is 23%, the fuel benefit would be £14,400 x 23%
= £3,312
Company car tax
The CO2 emissions qualifying for the minimum petrol percentage (15%) charge
are:
2004-05 145 grams per kilometre of
CO2
2005-06 140 grams per kilometre of
CO2
2006-07 140 grams per kilometre of
CO2
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