Company Car Today - Issue 54 - 26th June 2019

FUEL PRICES DIESEL PETROL 2019/20 - FUEL BENEFIT CHARGE The taxable worth attached to the benefit of ‘free’ fuel CAR FUEL BENEFIT CHARGE MULTIPLIER - £24,100 VAN FUEL BENEFIT CHARGE - £655 2019/20 - VAN BENEFIT CHARGE The taxable worth attached to the benefit of regular private use of a company light commercial vehicle VAN BENEFIT CHARGE - £3430 ULEV GRANT The Government has a scheme to give money off the list price – although not the P11D value – of zero-emission vehicles. The grant is to the value of 35% of the car, up to a maximum of £3500 off the list price. It also covers hydrogen vehicles – currently just the Hyundai Nexo and Toyota Mirai. Plug-in hybrids are no longer included, as of October 2018, though there is also still an £8000 grant towards the cost of ultra-low emission light commercial vehicles. ELIGIBLE VEHICLES Sub-50g/km and at least 70 miles of zero-emission driving range £3500 grant APPROVED MILEAGE ALLOWANCE PAYMENTS The rates to reimburse workers using their own vehicles for company business TYPE OF VEHICLE FIRST 10,000 MILES ABOVE 10,000 MILES CARS AND VANS 45p 25p MOTORCYCLES 24p 24p BIKES 20p 20p ADVISORY FUEL RATES, PER MILE The rates set to reimburse employees for fuel used in company vehicles ENGINE SIZE PETROL LPG ENGINE SIZE DIESEL 1400cc or less 12p (11p) 8p (7p) 1600cc or less 10p 1401cc to 2000cc 15p (14p) 9p (8p) 1601cc to 2000cc 12p (11p) Over 2000cc 22p (21p) 14p (13p) Over 2000cc 14p (13p) Advisory electric vehicle reimbursement rate: 4p per mile Audi e-tron BMW i3 and i3s Citroen C-Zero Hyundai Ioniq Electric Hyundai Kona Electric Hyundai Nexo fuel cell Jaguar I-Pace Kia Soul EV and e-Niro Nissan e-NV200 Nissan Leaf Peugeot Ion Renault Zoe Smart EQ Fortwo/Forfour Tesla Model 3, Model S and Model X Toyota Mirai Volkswagen e-Up Volkswagen e-Golf June 2019 128.9p (-0.2p on May) 135.4p (-1.1p on May) SOURCE: WWW.GOV.UK Rates valid from 1 June 2019 (Figures for 1 March-31 May in brackets if changed) CCT KNOWLEDGE WHAT'S IN YOUR TOOLBOX? To find out more go to: car CAR COMPARATOR EV CHARGE POINTS TAX CHECK PARKING LOCATOR FOOTPRINT CALCULATOR AFR RATES HMRC P11D UPDATE AMAP RATES LICENCE CHECK BIK RATES VED & MOT CHECK VED TABLES