Tax Rates 2024/25
Spring Statement

Vehicle Benefits

Cars

Taxable benefit: List price of car multiplied by chargeable percentage.

2024/25 & 2023/24
CO2
g/km
Electric Range
miles
All Cars
%
0 N/A 2
1-50 >130 2
1-50 70 - 129 5
1-50 40 - 69 8
1-50 30 - 39 12
1-50 <30 14
51-54 N/A 15

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%.

Vans

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)

Fuel

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).