Company Car Tax in 2009/2010 Including details of the 2009 vehicle excise duty reform and emissions-based capital allowance system

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1 The explanations and data set out in this leaflet are for general information only, and though given in good faith, are given without any warranty as to their accuracy. Please refer to your legal or tax adviser for individual professional advice. All information correct at date of publication, April 22,. Official fuel consumption for the Volkswagen models featured in this Guide in mpg (litres/100km). Passat Saloon and Estate: urban ( ); extra urban ( ); combined ( ). CO2: g/km. Passat CC: urban ( ); extra urban ( ); combined ( ). CO2: g/km. Tiguan: urban ( ); extra urban ( ); combined ( ). CO2: g/km. Scirocco: urban ( ); extra urban ( ); combined ( ). CO2: g/km. New Golf: urban ( ); extra urban ( ); combined ( ). CO2: g/km. For more information on the Volkswagen model range, call the Fleet Business Centre on or visit Car Tax in /2010 Including details of the vehicle excise duty reform and emissions-based capital allowance system Produced in association with s

2 The arrival of a new 13-band CO2 emissions-based (VED) scale, with new rates applicable from May 1,, accompanied details of the future direction of the company system in. Government also indicated it is considering the case for abolishing the 3% diesel tax supplement in company for diesel cars complying with Euro 6 emissions standards. It also revealed its intention to abolish the 10% tax rate for the cleanest cars in favour of an extended tax band system with a 1% rise for every 5g/km increase in CO2 emissions from 10%. The changes are covered in this Guide, together with other findings essential for the smooth running of your fleet. s

3 (VED) A new 13-band graduated (VED) system based on emissions of CO2 comes into force from May 1,, with new rates and bands incentivising a move to cars with lower CO2 emissions. The new band structure is shown in the table (right). Government indicated it will further separate out the 13 new VED bands from April 2010, with further information on this reform to be revealed at a later date. The key points from are: VED rises in /10, effective from May 1,, amount to no more than 5 per car in all bands compared with 2008/9. Cars emitting over 255g/km of CO2 qualify in a new top band Band M from May 1,, at a rate of 405. In 2010/11, new first-year rates for all cars apply, with liability set at zero for cars emitting 130g/km or less. Band M cars are subject to a 950 first-year charge. Efficiency and economy with Volkswagen BlueMotion Volkswagen s BlueMotion models are the most efficient and economical vehicles in the range. BlueMotion is available in Polo, new Golf, Golf Estate, Jetta, Passat Saloon, Passat Estate, Touran and Sharan. To request a test drive contact the Fleet Business Centre on To see how much money you could save by driving a BlueMotion car visit VED bands, /10 and 2010/11 VED CO2 / / /11 Band emissions standard First year Standard (g/km) rate ( ) rate ( ) rate ( ) A Up to B C D E F G H I J K L M Over : Includes cars emitting over 225g/km registered between March 1, 2001 and March 23, : Alternative fuel discount /10: 20 Bands A-I, 15 Bands J-M. 2010/11 10 for all cars. Rates for /10 apply from May 1, s

4 The lower emissions threshold for company in /10 remains as for 2008/9 at 135g/km, meaning there is no change in the way company liabilities are calculated for /10. From 2010/11, the lower emissions threshold reduces to 130g/km, with a 3% tax charge applying for diesel models. For 2011/12, the lower emissions threshold reduces further to 125g/km. The point at which a car qualifies for the 10% BIK tax rate (13% for diesels) remains the same at 120g/km. Government indicated that further reforms to company in 2012 will abolish the current 10% BIK tax rate in favour of an extended tax band system with a 1% rise for every 5g/km increase in CO2 emissions from 10%. Further details of specific rates and thresholds will be announced in future s. Government is also considering the case for abolishing the 3% diesel supplement in company for diesel cars complying with Euro 6 emissions standards; further information will be available at a later date. The chart (right) shows the emissions-based BIK sliding scale that applies for /10 and beyond. /10: calculating your liability To calculate BIK liability in /10, you need to know: The CO2 emissions in g/km of your car. The P11D value of the car (the price of the car including delivery, the cost of any optional extras and VAT, but excluding VED and Government First Delivery Charge). Whether or not the car is a diesel. All diesel cars registered on or after January 1, 2006, are subject to a 3% tax charge. CO2 emissions information and a Car Tax calculator can be found for all Volkswagen cars at Alternatively, visit the Certification Agency at Example A new Volkswagen Golf S 2.0 TDI 110 5dr with a P11D price of 16,585 and CO2 emissions of 128g/km, attracts a tax charge of 18% of its P11D value. 16,585 x 18% gives a taxable value of 2,985, equating to yearly tax liability of 597 ( 50 per month) for a 20% tax payer or 1,194 ( 100 per month) for a 40% tax payer. Taxable percentages of P11D value % of P11D price CO2 (g/km) CO2 (g/km) CO2 (g/km) to be taxed / / /12 10* * * * * * * * * * * * * * * * * * * ** *** **** * Add 3% for diesel. ** Add 2% for diesel. *** Add 1% for diesel. **** Max charge, so no supplement s

5 and lease rental restriction, based on emissions of CO2 The write-down amounts claimable against tax for company cars changed in April from a price-based structure to a new system based on emissions of CO2. In line with the Government s swing towards greener initiatives, the new legislation favours those cars with low CO2 emissions and took effect from April 1,, for corporation tax and April 6,, for income tax. Cars first registered from April 1,, with CO2 emissions of 111g/km to 160g/km inclusive attract a 20% write-down allowance (WDA), while those with emissions above 160g/km attract a WDA of 10%. For cars with CO2 emissions of 110g/km or less, a 100% first-year allowance applies, with the allowance available until March Lease rental restriction The rules affecting lease rental restriction the amount of the lease rental payments claimable against corporation tax have also been reformed in line with the new emissionsbased capital allowance legislation. Cars first registered on or after April 1,, with CO2 emissions of 160g/km or less, are eligible for 100% of their lease payments to be offset against corporation tax. For new cars with emissions over 160g/km registered from this date, only 85% of their lease payments can be offset. Volkswagen has produced a CO2 emissions guide containing all models which are sub-160g/km. To obtain a copy, free of charge, call the Fleet Business Centre on Cars already on-fleet at these dates will continue to be administered under the previous price-based system until disposal, with a transition period expected be in the region of five years imposed from the date of inception of the new system. s

6 1A National Insurance Contributions /10 When employees are provided with company cars and fuel which are available for private use, as an employer you may be liable to pay s for cars provided by reason of an employee s employment to: Directors. Employees who are paid at a rate of 8,500 or more a year, including taxable benefits and expenses if the car is available for private use by the director or employee, or by members of their family or household. Calculating 1A National Insurance Contributions (NIC) are payable by employers on company cars, calculated in /10 at 12.8% of the car s taxable value. Example Volkswagen Passat Highline 2.0 TDI 140 Estate, with a P11D price of 21,300 and CO2 emissions of 148g/km, attracts a tax charge of 20% of its P11D value. 21,300 x 20% gives a taxable value of 4,260. Multiplying by 12.8% derives the annual due in this case 545. For further information on, including a downloadable guide to contributions on car and fuel benefits, please visit s

7 Employer-provided fuel for private mileage The Government set figure used for calculating the tax due on employer-provided fuel for private use in a company car remains at 16,900 in /10. To calculate the tax, you need to know: The car s combined fuel consumption and BIK tax percentage. The price of fuel used. The driver s marginal tax rate and Government set figure. Example A new Volkswagen Passat Saloon BlueMotion TDI 110PS has combined fuel consumption of 57.6mpg and CO2 emissions of 128g/km. The tax percentage for this model is 18%, so the fuel scale charge for /10 is 16,900 x 18% = 3,042, equating to 608 tax liability for a 20% tax payer (or 1,217 for a 40% tax payer). 608 will pay for 133 gallons of diesel for a 20% tax payer (or 266 gallons for a 40% tax payer), assuming the national average price for diesel of 4.56/gallon or 100.4p/litre. Break-even mileage is 133 x 57.6 = 7,660 private miles for a 20% tax payer (or 15,321 private miles for a 40% tax payer). Business mileage in a private car: reimbursement rates in /10 The HM Revenue & Customs Authorised Mileage Allowance Payments (AMAPs) set tax and national insurance-exempted rates claimable for business mileage in a private car. For /10 the rates remain the same as for 2008/9 (see below). cost claims made to employers at a lower rate than the AMAP rates entitle the driver to tax relief on the difference. Conversely, claims made at a higher level than the AMAP rates will incur tax. Authorised Mileage Allowance Payments (AMAP) rates /10 Up to Over 10,000 10,000 miles miles All cars 40p 25p s

8 s light commercial vehicles, including Double-Cab pick-up trucks, which are used for private mileage incur benefitin-kind tax for the driver, based on a taxable value of 3,000. If free fuel is provided by the employer for private mileage, the taxable value rises to 3,500. The annual tax payable for private use in these vehicles when used for private mileage is calculated as follows: 3,000 x 20% = 600 for a 20% tax payer 3,000 x 40% = 1,200 for a 40% tax payer If fuel for private use is provided, the tax payable is 700 (20% tax payer), or 1,400 (40% tax payer). s in /10: vans /10 1A National Insurance Contributions for vans are calculated on the same basis as BIK tax liabilities. The amounts payable are calculated by multiplying the taxable values by 12.8%. The example (below) shows the levels of contribution. in /10: vans Euro IV emissions standards for vans became mandatory for all vehicles registered after December 31, The reduced rate of VED for Euro IV vans was removed for vehicles produced after December 31, 2006, but remains in place for Euro IV vans registered between March 1, 2003, and December 31, New VED rates apply from May 1,. Employees taking their company van home to enable them to drive direct to customers the next day, and who are not allowed other private use, are exempt from tax. Annual Benefit in Kind tax Model Basic price BIK tax payable (ex VAT) in /10 Volkswagen Transporter T TDI (84 PS) 14, / 1,200 Figures exclude provision of free fuel for private use. Figures quoted for 20%/40% tax payers Annual liabilities Model NIC payable NIC payable excluding including free fuel free fuel Volkswagen Caddy 1.9 TDI (104 PS) VED in /10 All pre-graduated VED vans (registered before March 2001) 190 Euro IV vans (registered between March 1, 2003, and December 31, 2006) 125 Euro IV vans (registered after December 31, 2006) 185 s

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