Emissions
rating (CO2g/km)
This is the new Carbon Dioxide exhaust scoring system introduced by HM
Government to favour more environmentally friendly vehicles. In most cases,
cars manufactured from 1st Jan 1998 have a published emissions rating, which
you will need for us to calculate your solution correctly. If you do not have
this information you may obtain it free of charge from the
Vehicle Certification Agency.
Manufacturer's list
price:
This is not the amount the car cost to buy. You are taxed on the manufacturer's
published price (before discount) of the car at the time of sale. The list
price includes VAT, car tax, delivery charges, the published price of any
manufacturer's optional extras and the cost of non-manufacturer accessories
(unless purchased at a later date at a cost of under £100). If you have made a
contribution to your employer towards the cost of the car deduct this amount up
to a maximum of £5,000.
Registration date:
The date of first registration of the car as per your vehicle registration
document ("log book") V5.
Engine Size:
The cubic capacity of the engine contained within your vehicle.
You should include here all of the annual costs of running the car for example
servicing and repair bills, insurance, MOT, road fund licence but excluding
money spent on petrol. All expenses should include VAT where applicable.
Diesel or petrol
Does your car meet Euro IV emissions standards?
Your diesel car's taxable benefit may be lower if it meets Euro IV emission
standards.
Business
mileage:
Private mileage:
Please enter your anticipated annual business and private mileage. The Inland
Revenue usually consider that travel between your home and your employers'
place of business is private mileage.
Is fuel provided for private use?
If your employer pays for, or reimburses you for, the cost of fuel used for
private purposes you should click on "Yes". This is the case even if private
mileage has been funded by your employer only on odd occasions. You should
click on "No" only if no private use fuel is provided or if you are required
to, and have, made good the cost of fuel for your own motoring.
Are you a basic or higher rate taxpayer? (%)
Please click on the rate of tax which you normally pay on your taxable income.
If you are a basic rate taxpayer that is currently 20%. If you are a higher
rate taxpayer the current rate is 40%. The introduction of a further higher tax
rate from 2010/11 means that for individuals who earn in excess of £150,000,
their marginal rate of tax at that level will be 50%. If this applies to you,
then select 50% tax rate in the drop down box above and the calculator will
apply the appropriate rate of 40%/50% for the 3 years. If you are very close to
becoming a taxpayer at either the 40% rate or the 50% rate because of the level
of your income (before car benefits) you should click on the rate appropriate
in these circumstances.