About

Budget

UK Interest Rates  
UK Tax Rates:
Income Tax
VAT & Stamp Duty
Car Allowance
Pensions
Capital Gain Tax & ISAs
Inheritance Tax
Corporation & Capital
National Insurance
 
 

Tax Return

 UK Tax System

Limited Company

Self Employed

Bank Accounts

Enquiry Form

Contacts

   

 

 

 

 

 

 

 

 

 

 

 


Prime Advisors Ltd,
NEW ADDRESS:
Ocean Air house
Suite 200, Floor 1,
750-760 High Road, Leytonstone,
London E11 3AW
Tel - 0044 208 530 6929
Fax - 0044 208 989 1179
E-mail: primeadvisors@yahoo.co.uk

 
   

CAR ALLOWANCES

 

Car Benefit

- From 6/4/03 taxable benefit for cars will be based on a percentage of their list price, graduated according to their level of CO2 emissions.

- Minimum benefit will be 15% of list price where CO2 emission does not exceed 165g/km(2002/03), 155g/km (2003/04) and 145g/km (2004/05 et seq).

- Minimum will increase by 1% for each 5g/km of extra CO2 emission, subject to a maximum of 35% of list price.

- Diesel cars subject to 3% supplement (maximum of 35%)

- Cars with no CO2 emission or registered before 1 January 1998 assessed on engine size.

- Discounts available for environmentally friendly cars.

 

Car Fuel

From 6/4/03, where free fuel for private use is provided, tax charge on fuel calculated according to scale rate charge.

Scale rate charge is directly linked to the C02 emissions of the car, and the same percentage is applied to car and fuel benefit.

Scale rate charge is applied to set figure, for 2003/04 14,400

 

 

 

   
 

2007 Prime Advisors Limited, All Rights Reserved