Wrigley Partington

Chartered Accountants & Business Advisors

Vehicles

Tax and accountancy

Company vehicle benefits and taxes. Related business mileage rates.

2021/22 - cars first registered after 5 April 2020

CO2 emission g/km Electric range (miles) % of list price Co2 emissions g/km % of list price
0 N/A 1 100-104 24
1-50 >130 1 105-109 25
1-50 70-129 4 110-114 26
1-50 40-69 7 115-119 27
1-50 30-39 11 120-124 28
1-50 <30 13 125-129 29
51-54   14 130-134 30
55-59   15 135-139 31
60-64   16 140-144 32
65-69   17 145-149 33
70-74   18 150-154 34
75-79   19 155-159 35
80-84   20 160-164 36
85-89   21 165 or more 37
90-94   22    
95-99   23    
Except for zero emissions cars,rates are 1% higher (up to a maxi 37%) for cars registered before 6 April 2020.
4% supplement applies to diesel cars which do not meet the RDE2 standard (up to maxi 37%)

 Chargeable on employees earning £8,500 or over (including benefits) and directors

The list price relates to the day before first regsitration and includes accessories. 

The list price is reduced by the employee's capital contribution when the car is first made available,subject to a maximum deduction of £5,000.

Van with Private Use (other than home to work)  
No private fuel provided to employee  £3,500 
Private fuel provided with the van  £669
HMRC Approved Mileage Rates   
Cars and Vans First 10,000 business miles per annum  45p
  Business miles thereafter 25p
Motorcycles   24p
Bicycles   20p
Business passengers    

Income tax and NICs may be due on higher rates and tax relief on lower rates.

Fuel only :Advisory rates for employee reimbursement or employer reimbursement of business mileage are (effective from 1 March 2021)
  Petrol Diesel LPG
Less than or equal to 1400cc 10p   7p
Less than or equal to 1600cc   9p  
1401cc - 2000cc 12p   8p
1601cc - 2000cc   11p  
Greater than 2000cc 18p 12p 12p
Advisory Elecricity Rate for fully electric cars is 4p per mile      

Where the cost of all fuel for private use is borne by the employee, the fuel benefit is nil. Otherwise, the taxable benefit is calculated as the car benefit percentage of £24,600 (2021/22) and £24,500 (2020/21). 

Address

Wrigley Partington Chartered Accountants

Sterling House

501 Middleton Road

Chadderton, Oldham

OL9 9LY