Tax Rates and Allowances 2022/23
Car Benefits
Capital Allowances - Plant & Machinery ⭢
Car Benefits ⭢
Employee's Statutory Payments ⭢
Income Tax Rates - Across the UK ⭢
Individual Savings Account (ISA) ⭢
Land and Buildings Transaction Tax ⭢
Mileage Allowance Payments (MAPs) for Employees ⭢
National Insurance Contributions (NIC) - Rates and Allowances ⭢
Pensions Automatic Enrolment ⭢
Pensions - Tax Relief on Pension Contributions ⭢
Vehicle Excise Duty (VED) - Passenger Cars ⭢
- The car benefit is calculated by multiplying the car's list price, when new, by a percentage linked to the car's CO2 emissions.
- For diesel cars generally add a 4% supplement (unless the car is registered on or after 1 September 2017 and meets the Euro 6d emissions standard).
- The overall maximum percentage is capped at 37%.
- The list price includes accessories.
- The list price is reduced for capital contributions made by the employee up to £5,000.
- Special rules may apply to cars provided for disabled employees.
2022/23 |
|
CO2 emissions
|
% of list price taxed |
|
0 |
2 |
|
1–50 (split by zero-emission miles)
|
|
|
51–54 |
15 |
|
55-59 |
16 |
|
60-64 |
17 |
|
65-69 |
18 |
|
70-74 |
19 |
|
75-79 |
20 |
|
80-84 |
21 |
|
85-89 |
22 |
|
90-94 |
23 |
|
95-99 |
24 |
|
100-104 |
25 |
|
105-109 |
26 |
|
110-114 |
27 |
|
115-119 |
28 |
|
120-124 |
29 |
|
125-129 |
30 |
|
130-134 |
31 |
|
135-139 |
32 |
|
140-144 |
33 |
|
145-149 |
34 |
|
150-154 |
35 |
|
155-159 |
36 |
|
160 and above |
37
|