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Budget – Company cars and vans
Thursday, March 24th, 2011
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Appropriate percentage: For 2011/12, the appropriate percentages for company petrol cars range from 15% to 35% for emission ratings of 125 to 225 g/km. For 2012/13, the range, as already announced, will widen to between 11% and 35% for emission ratings of 100 to 220 g/km, with a fixed 10% for emission ratings below 100 g/km.
The Budget announces a further increase for 2013/14 to between 11% and 35% for emission ratings between 95 and 215 g/km, with the 10% rate applying to ratings below 95 g/km. The objective is to encourage businesses to use ultra-low carbon cars.
There are no changes to the 0% charge for zero emission cars and the 5% charge for low emission cars with emission ratings up to 75 g/km
Car fuel benefit charge: For 2011/12, the multiplier for the car fuel benefit charge increases from £18,000 to £18,800. This change has already been given effect by means of a statutory Order.
Van benefit and fuel benefit charges: There is no increase for 2011/12 in the £3,000 van benefit charge and the £550 van fuel benefit charge.
Further information:
The Car Fuel Benefit Order 2011
Explanatory Memorandum to the Car Fuel Benefit Order 2011
