| Car vs. Motorcycle |
Car |
Motorcycle |
| Benefit in kind valuation. |
The appropriate taxable benefit is show below for cars in a given emission band.
| |
2008/9 |
2008/9 |
| C02 rating |
Petrol |
Diesel |
| n/a |
10% |
13% |
| 135 |
15% |
18% |
| 140 |
16% |
19% |
| 145 |
17% |
20% |
| 150 |
18% |
21% |
| 155 |
19% |
22% |
| 160 |
20% |
23% |
| 165 |
21% |
24% |
| 170 |
22% |
25% |
| 175 |
23% |
26% |
| 180 |
24% |
27% |
| 185 |
25% |
28% |
| 190 |
26% |
29% |
| 195 |
27% |
30% |
| 200 |
28% |
31% |
| 205 |
29% |
32% |
| 210 |
30% |
33% |
| 215 |
31% |
34% |
| 220 |
32% |
35% |
| 225 |
33% |
35% |
| 230 |
34% |
35% |
| 235 |
35% |
35% |
|
Benefit value is 20% of initial list price including accessories, delivery charges and VAT.
This is the band at which the percentage is equivalent to motorcycles but of course the list price of a motorcycle will be much less as will the financial liability. |
| Fuel scale charge. |
The benefit of free fuel for private use in a company car is calculated using the same percentage as that used for the car benefit, applied to a standard figure of £14,400. The taxable amount is therefore between £2,160 (min.) and £5,040 (max.). |
Gross fuel benefit for business mileage is added to Benefit in kind valuation for assessment to tax @ 20% |
For more information: click here |
