Car and fuel benefit calculator

This calculator allows you to work out your annual company car and fuel benefit liablilty. Car benefit is a charge to tax on an employee for the benefit of having a car available for private use. Car fuel benefit is incurred whenever any fuel is provided, whether or not for private use, for a car that attracts a car benefit charge.

	List price of car £   Capital contribution made by employee (maximum £5,000) £   Fuel type Petrol/Pre-2006 Euro IV diesel Diesel Electric   Car registration date 1 Jan 1998 or later 31 Dec 1997 or earlier   Payments made by employee towards private use of car £   Does the employer pay for private fuel? Yes No   CO2 emissions CO2 emissions figure in g/km*   If no CO2 emissions figure exists, use engine capacity 1400cc or less 1401cc to 2000cc Over 2000cc or other          Results:   Car benefit £ Fuel benefit £   Total benefit £   Annual liability for 2008/09 @ 20% £   Annual liability for 2008/09 @ 40% £

Notes

The tax you pay on your company car is decided by the following factors:

• The list price of the car, on the day before it was first registered.
• The rate at which the car emits carbon dioxide (CO²).
• The fuel type (for most types of car, this is all the information you need to work out the taxable benefit).
• Your rate of income tax.
• Any capital contribution to the cost of the car, up to a maximum of £5,000

You can find your taxable percentage for 2008/09 using the following table:

Engine capacity	Taxable %
Up to 1400cc	15%
1401 - 2000cc	22%
Over 2000cc	32%

* You can find out how much CO² your company car emits from the following sources:

• The car's V5 registration document
• Your dealer
• The data pages of car magazines (current models)
• The Vehicle Certification Agency
• The Society of Motor Manufacturers and Traders

Emissions data is not widely available for cars registered before 1 January 1998. For these cars, use the table above, regardless of fuel type.

Taxable car benefit is calculated by multiplying the price of the car and accessories for the tax year and an appropriate percentage based on the car's carbon dioxide (CO²) emissions or engine capacity.

The taxable car fuel benefit, for 2008/09, is calculated by multiplying £16,900 (known as the fuel benefit charge multiplier, or FBC) by the same percentage as applies (or would apply) for the car benefit.

If the employee pays for the full cost of all fuel for private journeys (such as home to work) there will be no car fuel benefit. In all other cases, the full tax charge will be due.