P274 CEEFAX 2 274 Sat 13 Jun 21:16/37       CAR AND FUEL BENEFITS 1/2 Car Benefit Year to 5 April 1999 Company cars are taxed at 35% of thj list price of the car when it was new, subject to an £80,000 ceiling. The benefit is reduced: - by 1/3 if annual business mileage is between 2,500 and 17,999 - by 2/3 if annual business mileage is 18,000 or ovjr - by a further 1/3 if the car is 4 or more years old at the end of tax year - by contributions the employee makes for private use Source: Ernst & Young (see page 271) Mortgages & Savings Guide 250 RPI TaxIndjx Inc Tax Main Menu
P274 CEEFAX 2 274 Sat 13 Jun 21:15/12       CAR AND FUEL BENEFITS 2/2 Year to 5 April 1999 Fujl Benefit Engine Sizj Petrol Diesel 1400cc or less £1010 £1280 1401-2000cc £1280 £1280 Ovjr 2000cc £1890 £1890 Reduced to nil if the employee refunds fujl used for private journeys. Source: Ernst & Young (see page 271) Mortgages & Savings Guide 250 RPI TaxIndjx Inc Tax Main Menu