A.W.BECKINSALE & CO.

CAR BENEFIT

Company Cars from 06.04.02

Cars with an approved figure of CO2 emissions  The charge will build up from 15% of the car's price, for cars emitting CO2 at or below a qualifying level, in 1% steps for every additional 5 grams per kilometre (g/km) over that level. The maximum charge will be 35% of the cars price. The qualifying level will gradually be reduced as cars get cleaner. The legislation provides tables showing the 'lower threshold', for these tables click here.

Cars without an approved figure of CO2 emissions will be taxed according to engine size as follows:

Diesel Cars will be subject to a 3% supplement, but this will not take the maximum charge above 35%. The supplement will be waived for cars that meet a European Community standard called Euro 4.

Older Cars - cars registered before 1 January 1998 will also be taxed according to engine size as follows:

Cars with no recognised cylinder capacity and no approved figure of CO2 emissions will be taxed on 35% of the car's price (or 32% if the car was registered before 1 January 1998), unless the car runs solely on electricity, in which case the charge will be on 15% of the price.

Discounts - there will be discounts for cars that run on alternative fuels and technologies, such as electricity or a combination of petrol and gas. These discounts could reduce the charge below the usual minimum of  15% of the cars price. For further information about these discounts, please ask your Inland Revenue office for leaflet IR172.

Company Car Tables

Petrol Cars
The lower threshold decreases year by year so that a driver keeping the same vehicle will normally face an annually increasing tax charge. To be taxed at the lowest 15% figure, the car must not exceed the lower threshold of emissions.

Where the CO2 emissions figure exceeds the lower threshold then the procedure is first to round down to the nearest five of the actual emissions figure and then to apply the percentage as in the following table.

If the CO2 emission figure is not a multiple of 5 it should be rounded down to the nearest multiple of 5.

Diesel Cars
There is a supplement of 3% added to the figure produced by following the above principles although the maximum cannot exceed 35%.

Company Cars old rules to 05.04.02

Charge based on a percentage of the initial list price of the car; the percentage depends on the age of the car on 5 April 2001 and the business mileage between 6 April 2000 and 5 April 2001: