Continuing our series of basic informative articles Alison Chapman tax partner at Deloitte & Touche LLP and author of Tolley's Tax and the Business Car revisits this topic following recent changes
Since 6 April 2002 the company car tax system has been based on a percentage of the car's list price graduated according to its carbon dioxide (CO2) emissions. The highest charge is a 35% rate and the lowest a 15% rate except for alternative fuels (see below). The CO2 emissions figure that applies at the date of first registration is set for the life of the car (see Figure 1 overleaf).
Figure 1: Scale charge calculator
Finding The CO2 Emissions Figure
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Continuing our series of basic informative articles Alison Chapman tax partner at Deloitte & Touche LLP and author of Tolley's Tax and the Business Car revisits this topic following recent changes
Since 6 April 2002 the company car tax system has been based on a percentage of the car's list price graduated according to its carbon dioxide (CO2) emissions. The highest charge is a 35% rate and the lowest a 15% rate except for alternative fuels (see below). The CO2 emissions figure that applies at the date of first registration is set for the life of the car (see Figure 1 overleaf).
Figure 1: Scale charge calculator
Finding The CO2 Emissions Figure
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
90a1d87b-c1b5-43c3-a720-cd324830adee.tmb-editorspic.jpg?sfvrsn=1b2d0a7e_1)
