HMRC has updated the company car and car fuel benefit calculator to reflect the increase in the car fuel benefit multiplier from 6 April 2012.
When a company car is made available for the private use of an employee a 'benefit in kind' value is calculated in relation to the car, and the fuel if that is also provided for private use.
This calculator:
•allows you to calculate the 'benefit in kind' value of a company car and, if appropriate the car fuel benefit
•provides an indication of the Income Tax you would be liable to pay for the provision of company car and car fuel benefit
Further details are available from HMRC.
No comments:
Post a Comment