EIM23870 - Car benefit: special cases: employees with frequent changes of car (from 2009 to 2010): benefit charge of notional car: example
This page gives an example of Steps 1 to 5 of the process described at EIM23825. Daily rental businesses should adapt it to the slightly different rules which apply to them.
Example
Tax year 2009 to 2010
Steps 1 and 2
A non-rental business has 8 cars to be averaged for 2009 to 2010, spread between 5 models.
Model and car number | List price of particular variant (£) | Accessories (£) | Averaging price (£) | CO2 emissions | Fuel | HMRC group |
---|---|---|---|---|---|---|
A1 | 9,995 | 755 | 10,750 | 109 | diesel | 2 |
A2 | 10,995 | 905 | 11,900 | 145 | petrol | 2 |
A3 | 11,995 | 1,105 | 13,100 | 124 | diesel | 3 |
B4 | 11,495 | 955 | 12,450 | 159 | petrol | 3 |
B5 | 13,995 | 1,255 | 15,250 | 124 | diesel | 3 |
C6 | 18,995 | 2,005 | 21,000 | 187 | petrol | 4 |
D7 | 19,995 | 2,505 | 22,500 | 164 | hybrid | 4 |
E8 | 21,995 | 2,005 | 24,000 | 223 | petrol | 5 |
Step 3: average price calculation
The average price calculation is ‘total of list price of cars in the group ÷ number of cars in group’.
HMRC group | Total list price (£) | Number of cars in group | Average price (£) |
---|---|---|---|
2 | 22,650 | 2 | 11,325 |
3 | 40,800 | 3 | 13,600 |
4 | 43,500 | 2 | 21,750 |
5 | 24,000 | 1 | 24,000 |
Step 4: average CO2 emissions and appropriate percentage calculation
This is calculated as follows.
HMRC group 2
Item | Amount |
---|---|
Car A1 CO2 emissions | 109 |
Car A2 CO2 emissions | 145 |
Diesel adjustment | 15 |
Total emissions | 269 |
Divided by number of cars in group | 2 |
Average CO2 emissions | 134 |
Appropriate percentage | 15% |
HMRC group 3
Item | Amount |
---|---|
Car A3 CO2 emissions | 124 |
Car B4 CO2 emissions | 159 |
Car B5 CO2 emissions | 124 |
Diesel adjustment | 30 |
Total emissions | 437 |
Divided by number of cars in group | 3 |
Average CO2 emissions | 145 |
Appropriate percentage | 17% |
HMRC group 4
Item | Amount |
---|---|
Car C6 CO2 emissions | 187 |
Car D7 CO2 emissions | 164 |
Hybrid adjustment | - 15 |
Total emissions | 336 |
Divided by number of cars in group | 2 |
Average CO2 emissions | 168 |
Appropriate percentage | 21% |
HMRC group 5
Item | Amount |
---|---|
Car E8 CO2 emissions | 223 |
Total emissions | 223 |
Divided by number of cars in group | 1 |
Average CO2 emissions | 223 |
Appropriate percentage | 32% |
Step 5: car benefit charge
The calculation for each group is ‘average price × appropriate percentage = car benefit charge’.
HMRC group | 2 | 3 | 4 | 5 |
---|---|---|---|---|
Average price (£) | 11,325 | 13,600 | 21,780 | 24,000 |
Appropriate percentage | 15% | 17% | 21% | 32% |
Car benefit charge (£) | 1,698 | 2,312 | 4,567 | 7,680 |
Tax years 2008 to 2009 and earlier
This guidance applies only for 2009 to 2010 and later years.
Local arrangements applied for years to 2008 to 2009 as described at EIM23750 onwards.