Resources 

Provided useful resources access to HMRC and company forms.

Taxt Rates & Allowances

Income tax
Capital gains tax
Corporation tax
Capital allowances
Inheritance tax
Vehicle benefits
Mileage allowances
National insurance contributions
Pension contributions
ISAs
Stamp taxes
Land and Buildings Transaction Tax
Land Transaction Tax
Value added tax
Some useful rates
Key dates and deadlines

Vehicle benefits

Chargeable on directors and employees.

Car Benefit

The taxable benefit is calculated as a percentage of the list price of the car, on the day before it was registered, plus certain accessories. The percentage depends upon the rate at which the car emits carbon dioxide (CO2), and the fuel type.

You can find the appropriate percentage for 2018/19 using the following table.

CO2 emissions Appropriate percentage
(g/km) Petrol % Diesel %
0 - 50 13 17
51 - 75 16 20
76 - 94 19 23
95 - 99 20 24
100 - 104 21 25
105 - 109 22 26
110 - 114 23 27
115 - 119 24 28
120 - 124 25 29
125 - 129 26 30
130 - 134 27 31
135 - 139 28 32
140 - 144 29 33
145 - 149 30 34
150 - 154 31 35
155 - 159 32 36
160 - 164 33 37
165 - 169 34
170 - 174 35
175 - 179 36
180 and above 37

The diesel supplement is increased from 3% to 4% from 6 April 2018, although the maximum fuel rate remains at 37% (unless the car is registered on or after 1 September 2017 and meets the Euro 6d emissions standard).

Car fuel benefit

Company car fuel benefit is charged unless the cost of all fuel for private use is borne by the employee. The taxable benefit is calculated by applying the appropriate percentage to the car fuel benefit charge multiplier, which is £23,400 in 2018/19.

Where VAT is to be reclaimed on fuel for private use, the employer also has to account for output tax based on a flat rate charge derived from the vehicle's CO2 emissions.

Fuel-only mileage rates for petrol and LPG

Engine Size Petrol LPG
1400cc or less 11p 7p
1401cc - 2000cc 14p 9p
Over 2000cc 22p 14p

Fuel-only mileage rates for diesel

Engine Size Diesel
1600cc or less 10p
1601cc - 2000cc 11p
Over 2000cc 13p

Rates from 1 June 2018 and are subject to change. Note the advisory fuel rates are revised in March, June, September and December. Please contact us for any updated rates.

Company vans

Company van benefit is generally not related to CO2 emissions but is a set figure of £3,350 with an extra £633 where fuel for private use is provided. Van benefit charge for zero emission vans is £1,340. There is no fuel benefit for such vans.

Van and fuel charge
Tax Type Van (£) Fuel (£) Total (£)
Tax (20% taxpayer) 670.00 126.60 796.60
Tax (40% taxpayer) 1,340.00 253.20 1,593.20
Tax (45% taxpayer) 1,507.50 284.85 1,792.35
Employer's Class 1A NICs 462.30 87.35 549.65

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