On 1 June 2022, HMRC issued the current advisory fuel rates which, for example, are 14p for petrol-fueled cars with an engine size of 1,400cc or less.

These rates differ depending on the vehicle and. uk/sa Helpsheet 203 Tax year 6 April 2013 to 5 April 2014 HS203 2014 Page 1 HMRC 12/13 Car benefits and car fuel benefits This helpsheet gives you information to help you fill in boxes 9 and 10, about company cars, on the Employment page of your tax return.


In this case, in terms of tax only, Jane would be better off going for the car allowance, since the income tax works out lower than her income tax + BIK with the company car.

. Control. The amount of company-car tax you’ll pay to HMRC on £10,995 would be £2,089 at the.

What company benefits you pay tax on - including company cars, low-interest loans and accommodation, and what company benefits are tax-free, such as childcare Tax on.

The amount you. 86/month. Calculating the Benefit in Kind tax for a car.

Control. A mileage allowance, on the other hand, is tax-free.


You just need to multiply the miles you travelled by the specific mileage rate for your vehicle.

Both company cars and those funded via a car allowance fall under the jurisdiction of the Health and Safety at Work Act 1974. Secondly, you must either deduct tax at source from an employee’s pay, known as ‘payrolling’, or report any company car and/or fuel benefits to HMRC at the end of the tax year using form P11D.

Overview. HMRC publishes nine AFRs, with different rates for petrol, diesel and LPG-fuelled vehicles based on.

Mileage allowance when receiving a car allowance.
, is it a car or another type of vehicle, like a van.


However, rates can differ, so it’s worth referring to the HMRC’s advisory fuel rates.

Both company cars and those funded via a car allowance fall under the jurisdiction of the Health and Safety at Work Act 1974. 53%. The Advisory Electric Rate (AER) is currently 9p per mile for all.

. Nov 18, 2022 · The company car tax on electric cars was eliminated (0%) for the 2020/21 financial year. There are two main factors employers should consider in relation to ‘control’, the first being control over employee safety, the second being control over the business’ image. If your business provides a car for an employee or director you can claim capital allowances on the full cost. Your car’s CO2 emissions x the fuel benefit charge x your income tax bracket.


The government decided to cut the rate from 16% to 0%. The employer reimburses at 15p per mile for a total of £1,725 (11,500 at 15p).

Company car tax, otherwise known as Benefit in Kind tax is the means by which the Government taxes the benefit of having a company car.

or go to hmrc.

Scottish residents are taxed in the same way, using Scottish income-tax rates of 19%, 20%, 21%, 41% and 46%.

Tell HM Revenue and Customs ( HMRC) if your car or fuel details change.