List Price plus accessories. Exclude
accessories designed to help disabled people, and exclude
that part of the cost accounted for by allowing it
to run on road fuel gas. Maximum value of list price
is £80000, (if you buying a car with a higher price,
only enter £80000). Classic cars (over 15 years old
and with a market value in excess of £15000) are valued
at market value.
Only the first £5000 paid by the employee
helps to reduce their tax liability.
Tax is reduced if the car is 4 or more years old at
the end of the year of assessment.
Other relates to cars that have no cylinder capacity
and run on fuels other than electricity.
From April 2002 tax will depend upon the CO2 emissions
of the vehicle. All new cars will have an official
figure. Try http://www.vcacarfueldata.org.uk/
The figure to enter is the official one, rounded down
to the nearest 5. Where figures are not known leave
the entry at 0 and engine size will be used.
Tax is reduced if the car is unavailable for part
of the year. Normally only important when cars are
acquired or disposed of part way through a year
