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From 6 April 2002, a reform of company car taxation proposed by the Chancellor was introduced. The Benefit in Kind (BIK) charge for company cars registered from 1 January 1998 will be calculated as a percentage of the car's price and linked to the CO2 emissions. The CO2 figure will remain unaltered for the life of the vehicle.
Details of charges for of the system are detailed below. It has to be noted that the CO2 value is rounded down to the nearest 5gm/km.
|
Co2 emissions (grams per Kilometre)
|
Tax % of Car Price
|
|
2002/03
|
2003/04
|
2004/05
|
2005/06
|
2006/07
|
2007/08
|
2008/09
|
|
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
10
|
|
165
|
155
|
145
|
140
|
140
|
140
|
135
|
15
|
|
170
|
160
|
150
|
145
|
145
|
145
|
140
|
16
|
|
175
|
165
|
155
|
150
|
150
|
150
|
145
|
17
|
|
180
|
170
|
160
|
155
|
155
|
155
|
150
|
18
|
|
185
|
175
|
165
|
160
|
160
|
160
|
155
|
19
|
|
190
|
180
|
170
|
165
|
165
|
165
|
160
|
20
|
|
195
|
185
|
175
|
170
|
170
|
170
|
165
|
21
|
|
200
|
190
|
180
|
175
|
175
|
175
|
170
|
22
|
|
205
|
195
|
185
|
180
|
180
|
180
|
175
|
23
|
|
210
|
200
|
190
|
185
|
185
|
185
|
180
|
24
|
|
215
|
205
|
195
|
190
|
190
|
190
|
185
|
25
|
|
220
|
210
|
200
|
195
|
195
|
195
|
190
|
26
|
|
225
|
215
|
205
|
200
|
200
|
200
|
195
|
27
|
|
230
|
220
|
210
|
205
|
205
|
205
|
200
|
28
|
|
235
|
225
|
215
|
210
|
210
|
210
|
205
|
29
|
|
240
|
230
|
220
|
215
|
215
|
215
|
210
|
30
|
|
245
|
235
|
225
|
220
|
220
|
220
|
215
|
31
|
|
250
|
240
|
230
|
225
|
225
|
225
|
220
|
32
|
|
255
|
245
|
235
|
230
|
230
|
230
|
225
|
33
|
|
260
|
250
|
240
|
235
|
235
|
235
|
230
|
34
|
|
265
|
255
|
245
|
240
|
240
|
240
|
235
|
35
|
Car benefit rates
| |
2006 - 2007 |
2005 - 2006 |
| Charge Rate |
CO2 emissions (g/km) |
CO2 emissions (g/km) |
| Min Rate (15%) |
0 - 140 |
0 - 140 |
| add 1% |
every extra 5 |
every extra 5 |
| Max Rate (35%) |
240 and over |
240 and over |
| Fuel types |
% rate adjustments |
% rate adjustments |
| Petrol |
none |
none |
| Diesel |
+3 |
+3 |
| Electric Only |
-6 |
-6 |
| Petrol & Gas |
-2 |
-1 |
| Adapted Gas |
-2 |
-1 |
| Petrol & Electric |
-3 |
-2 |
|
|
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