EIM24000 - The benefits code: car benefit: calculating the cash equivalent: index: contents

The guidance on car and car fuel benefits has been restructured. There is a conversion chart between the old and new page numbers at EIM23005.

This index covers the calculation of the cash equivalent. There are related indexes at:

Calculation: introduction and method

1. EIM24010

   Calculating the amount of the car benefit charge: introduction
2. EIM24015

   Car benefit calculation: method statement

Calculation Steps 1 to 4: the price of the car for tax purposes

1. EIM24050

   Steps 1 to 4, price of the car: introduction
2. EIM24055

   Steps 1 to 4, price of the car: step by step guide

Calculation Step 1: the price of the car - list or notional price

1. EIM24100

   Step 1, price of the car: list price or notional price
2. EIM24105

   Step 1, price of the car: list price
3. EIM24110

   Step 1, price of the car: list price: manufacturer, importer or distributor
4. EIM24115

   Step 1, price of the car: imported cars
5. EIM24120

   Step 1, price of the car: carbon offset charges
6. EIM24150

   Step 1, price of the car: notional price
7. EIM24155

   Step 1, price of the car: notional price - particular cars
8. EIM24175

   Step 1, price of the car: exception: cars manufactured to run on road fuel gas
9. EIM24180

   Step 1, price of the car: automatic car for use by a disabled employee

Calculation Step 2: accessories

1. EIM24200

   Step 2, accessories: introduction
2. EIM24205

   Step 2, accessories: qualifying accessory (definitions)
3. EIM24207

   Step 2, accessories: security enhanced cars
4. EIM24210

   Step 2, accessories: standard accessory, non-standard accessory (definitions)
5. EIM24215

   Step 2, accessories: initial extra accessory, later accessory (definitions)
6. EIM24220

   Step 2, accessories: list price, notional price (definitions)
7. EIM24225

   Step 2, accessories: conditions when determining list or notional price (part 1)
8. EIM24230

   Step 2, accessories: conditions when determining list or notional price (part 2)
9. EIM24235

   Step 2, accessories: initial extra accessory with list price quoted by manufacturer, etc. of the car
10. EIM24240

    Step 2, accessories: initial extra accessory with list price quoted by manufacturer, etc. of the accessory
11. EIM24245

    Step 2, accessories: initial extra accessory with notional price
12. EIM24250

    Step 2, accessories: later accessory
13. EIM24255

    Step 2, accessories: replacement accessories: general
14. EIM24260

    Step 2, accessories: replacement accessories: new accessory not superior to old
15. EIM24265

    Step 2, accessories: replacement accessories: new accessory superior to old
16. EIM24270

    Step 2, accessories: exceptions: equipment necessarily provided for use in the performance of the duties
17. EIM24275

    Step 2, accessories: exceptions: equipment for disabled persons
18. EIM24280

    Step 2, accessories: exceptions: cost of converting car to run on road fuel gas
19. EIM24285

    Step 2, accessories: exceptions: miscellaneous
20. EIM24290

    Step 2, accessories: personalised car number plates

Calculation Step 3: Capital contributions

1. EIM24350

   Step 3, capital contributions: definition and effect
2. EIM24355

   Step 3, capital contributions: the amount deductible
3. EIM24360

   Step 3, capital contributions: years when deduction is allowed
4. EIM24365

   Step 3, capital contributions: repayment of capital contributions

Calculation Steps 1-4: Classic cars

1. EIM24400

   Steps 1-4, classic car: definition
2. EIM24405

   Steps 1-4, classic car: market value
3. EIM24410

   Steps 1-4, classic car: capital contributions

Calculation Step 4: Price cap (2002/03 to 2010/11 only)

1. EIM24440

   Step 4, price cap for expensive cars (2002/03 to 2010/11 only)

Calculation Steps 1-4: Examples

1. EIM24450

   Steps 1 to 4: examples: list price
2. EIM24455

   Steps 1-4, examples: notional price
3. EIM24460

   Steps 1 to 4: example: classic car
4. EIM24465

   Steps 1-4, examples: repayment of capital contribution

Calculation Step 5: Appropriate percentage: background

1. EIM24500

   Step 5, appropriate percentage: introduction
2. EIM24505

   Step 5, appropriate percentage: when does a car have an approved CO2 emissions figure?
3. EIM24510

   Step 5, appropriate percentage: approved CO2 emissions figure: car first registered in the UK from 1 January 1998 to 28 February 2001
4. EIM24515

   Step 5, appropriate percentage: approved CO2 emissions figure: car first registered in the UK from 1 March 2001 onwards
5. EIM24520

   Step 5, appropriate percentage: approved CO2 emissions figure: car first registered in other EU countries
6. EIM24525

   Step 5, appropriate percentage: approved CO2 emissions figure: car imported from outside the EU
7. EIM24530

   Step 5, appropriate percentage: approved CO2 emissions figure: more unusual models
8. EIM24535

   Step 5, appropriate percentage: approved CO2 emissions figure: cases of difficulty

Calculation Step 5: Appropriate percentage: car with an approved CO2 emissions figure

1. EIM24550

   Step 5: appropriate percentage: 2002 to 2003 onwards: car with an approved CO2 emissions figure: overview
2. EIM24605

   Step 5, 2008/09 to 2011/12: qualifying low emissions cars (QUALECs)
3. EIM24610

   Step 5, 2012 to 2013 to 2014/ to 2015: cars with CO2 emissions between 1-75 g/km
4. EIM24611

   Step 5: Ultra Low Emissions Vehicles (ULEVs): 2020 to 2021 onwards
5. EIM24620

   Step 5, appropriate percentage bands from 2015 to 2016
6. EIM24655

   Step 5, 2012 to 2013 onwards: relevant threshold
7. EIM24705

   Step 5: appropriate percentage: tax years 2015 to 2016 onwards: ready reckoner for type A cars
8. EIM24730

   Step 5, 2011 to 2012 onwards: adjustments to appropriate percentage and code letters used for different fuels
9. EIM24735

   Car benefit calculation step 5: appropriate percentage 2015 to 2016 onwards
10. EIM24815

    Step 5, 2002/03 to 2009/10: type E, cars propelled solely by electricity
11. EIM24850

    Step 5: 2010 to 2011 to 2014 to 2015: type E cars only
12. EIM24855

    Step 5, 2011 to 2012 onwards: type D, all diesel cars
13. EIM24860

    Step 5, 2011 to 2012 and 2014 to 2015: type A, all cars except types E and D
14. EIM24900

    Step 5, 2002 to 2003 onwards: automatic car for use by a disabled employee
15. EIM24905

    Step 5, 2002 to 2003 onwards: meaning of automatic transmission

Calculation Step 5: Appropriate percentage: car without an approved CO2 emissions figure

1. EIM24950

   Step 5, 2002 to 2003 onwards: car without an approved CO2 emissions figure

Calculation Step 5: Appropriate percentage: car first registered before 1998

1. EIM24975

   step 5, 2002 to 2003 onwards: car first registered before 1 January 1998

Calculation Step 6: annual car benefit charge before reductions

1. EIM25000

   Step 6: annual car benefit charge before reductions

Calculation Steps 1-6: examples

1. EIM25055

   Steps 1-6, 2011/12 onwards: diesel car (type D): example
2. EIM25060

   Steps 1-6, 2011 to 2012 onwards: all cars except types E and D, electric-only and diesel (type A): example

Calculation Step 7: car unavailable

1. EIM25100

   Step 7: reduction in car benefit charge
2. EIM25105

   Step 7: reduction in car benefit charge: meaning of unavailable
3. EIM25125

   Step 7: replacement car
4. EIM25130

   Step 7: replacement car: meaning of materially better
5. EIM25135

   Step 7: replacement car: meaning of arrangement
6. EIM25150

   Step 7: reduction in car benefit charge: example
7. EIM25170

   Step 7: circumstances when car is unavailable: example
8. EIM25175

   Step 7: circumstances when car is not unavailable: example
9. EIM25180

   Step 7: replacement car: circumstances that do not count as arrangements: example
10. EIM25185

    Step 7: replacement car: circumstances that do count as arrangements: example

Calculation Step 7A: shared car

1. EIM25200

   Step 7A: introduction
2. EIM25205

   Step 7A: employees to be disregarded: just and reasonable basis

Calculation Step 8: payments for private use

1. EIM25250

   Step 8: deduction for payments for private use of a car
2. EIM25253

   Step 8: deduction for payments for private use of car - exceptional circumstances
3. EIM25255

   Step 8: deductions for private use of a car – CIR v Quigley
4. EIM25260

   Step 8: payments for a more expensive car
5. EIM25261

   Step 8: examples
6. EIM25265

   Step 8: deductions for private use payments - cases of doubt

Calculation Steps 1-8: example

1. EIM25290

   Steps 1 to 8: example