Company Car Benefits

CO2 emissions (g/km)

(see note)

2003/04

2004/05

2005/06 to 2007/08

2008/09 to 2009/10

2010/11 onwards

130

15%

15%

15%

15%

15%

135

15%

15%

15%

15%

16%

140

15%

15%

15%

16%

17%

145

15%

15%

16%

17%

18%

150

15%

16%

17%

18%

19%

155

15%

17%

18%

19%

20%

160

16%

18%

19%

20%

21%

165

17%

19%

20%

21%

22%

170

18%

20%

21%

22%

23%

175

19%

21%

22%

23%

24%

180

20%

22%

23%

24%

25%

185

21%

23%

24%

25%

26%

190

22%

24%

25%

26%

27%

195

23%

25%

26%

27%

28%

200

24%

26%

27%

28%

29%

205

25%

27%

28%

29%

30%

210

26%

28%

29%

30%

31%

215

27%

29%

30%

31%

32%

220

28%

30%

31%

32%

33%

225

29%

31%

32%

33%

34%

230

30%

32%

33%

34%

35%

235

31%

33%

34%

35%

35%

240

32%

34%

35%

35%

35%

245

33%

35%

35%

35%

35%

250

34%

35%

35%

35%

35%

255

35%

35%

35%

35%

35%


.

Company Van Benefits

From

2007/2008

Up to

2006/2007

Van benefits (less than 4yrs old)

3,000

500

All other vans

3,000

350

Fuel provided for personal use

500

-

Authorised business mileage rates (FPCS *) **

Annual mileage up to 10,000 miles

40p

40p

Over 10,000 miles

25p

25p

Motor cycle rate

24p

24p

Extra passenger in car (max 1)

5p

5p

Bicycle rate

20p

20p

*** FPCS Fixed Profit Car Scheme Rules

Company cars - advisory fuel rates from 1 January 2009

These figures give about one month's notice of the changes and apply to all journeys on or after 1 January 2009 until further notice.

Engine size

Petrol

Diesel

LPG

1400cc or less

10p

11p

7p

1401cc to 2000cc

12p

11p

9p

Over 2000cc

17p

14p

12p

Petrol hybrid cars are treated as petrol cars for this purpose.

Vehicle Excise Duties (Road Tax !)

Band / CO2 emissions

Petrol & Diesel

Alternative
Fuel

A - Under 100

0

0

B - Up to 120

35

15

C - Up to 150

120

100

D - Up to 165

145

125

E - Up to 185

170

150

F - Up to 225

210

195

G - Over 226

400

385

Capital Allowances

2008/2009

From 1st April 2008 there is a new Annual Investment Allowance (AIA) which covers purchase of plant and machinery (not cars but includes vans and motor cycles) on the first £50,000 of investment.

Relief on this AIA will be at 100%

After that threshold the normal writing down allowance of 20% can be claimed.

For the purchase of cars 20% writing down allowance will be claimable on purchase cost up to £12,000

2009/2010

In the March 2009 budget the chancellor doubled the writing down allowance from 20% to 40% for plant and machinery

For the purchase of cars under £12,000 the 20% allowance will remain, but for vehicles costing more than £12,000 there are two rates

CO2      less than 160 g/km                  20%

CO2     more than 160 g/km                10%

From 6th April 2009 where a car is leased a flat rate of 15% will be disallowed of payments where the CO2 is 160 g/km or more