The following tax rates and allowances are applicable for the tax year
1997/98 with comparatives for the year 1996/97.
| CAR SCALE BENEFIT |
|
|
| Age at end of tax year |
Under 4 Years |
4 years and over |
|
% of list price* |
% of list price* |
| Business mileage |
|
|
| First car |
|
|
| less than 2,500 p.a. |
35 |
23.33 |
| 2,500 - 17,999 p.a. |
23.33 |
15.55 |
| 18,000 or more p.a. |
11.67 |
7.78 |
| Second car |
|
|
| less than 18,000 p.a. |
35 |
23.33 |
| 18,000 or more p.a. |
23.33 |
15.55 |
| Cars over 15 years old at tax year end
with an open market value of more |
|
|
| than £15,000 (which is also higher
than the original list price) taxed by reference to the open market value.* |
|
|
| *Subject to maximum of £80,000.
|
|
|
| VAN SCALE BENEFIT |
|
|
|
|
|
| Vans (under 3.5 tonnes) including fuel
: |
|
|
| Age at end of tax year |
Under 4 Years |
4 Years and Over |
|
£ |
£ |
| 1997/98 and 1996/97 |
500 |
350 |
| CAR FUEL BENEFIT |
|
|
|
|
|
1997/98 |
|
1996/97 |
|
|
£ |
£ |
£ |
£ |
| Cylinder capacity |
Petrol |
Diesel |
Petrol |
Diesel |
| Up to 1400cc |
800 |
740 |
710 |
640 |
| 1401 - 2000cc |
1,010 |
740 |
890 |
640 |
| Over 2000cc |
1,490 |
940 |
1,320 |
820 |
| FIXED PROFIT CAR SCHEME |
|
|
|
|
| Approved Inland Revenue tax-free mileage
rates |
|
|
|
|
| Mileage/cc |
Up to 1000 |
1001 - 1500 |
1501 - 2000 |
Over 2000 |
|
From 6
April 1996 |
| Up to 4000 miles |
27p |
34p |
43p |
61p |
| Over 4000 miles |
16p |
19p |
23p |
33p |
|
From 6
April 1995 |
| Up to 4000 miles |
27p |
34p |
43p |
60p |
| Over 4000 miles |
15p |
19p |
23p |
32p |
|
|
|
