Tax Rates 2023/24
Taxable benefit: List price of car multiplied by chargeable percentage.
|2023/24 & 2022/23|
|1-50||70 - 129||5|
|1-50||40 - 69||8|
|1-50||30 - 39||12|
Then a further 1% for each 5g/km CO2 emissions, up to a maximum of 37%.
Diesel cars that are not RDE2 standard suffer a 4% supplement on the above figures but are still capped at 37%.
Chargeable value of £3,960 (2022/23: £3,600) if private use is more than home-to-work. Zero-emission vans charged at £Nil (2022/23: £Nil)
Employer provides fuel for private motoring in an employer-owned:
Car: CO2-based percentage from above table multiplied by £27,800 (2022/23: £25,300).
Van: £757 (2022/23: £688).
Employee contributions do not reduce taxable figure unless all private fuel is paid for by the employee (in which case there is no benefit charge).