P274 CEEFAX 2 274 Sat 06 Fjb 12:15/24
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CAR AND FUEL BENEFITS 1/2
Car Benjfit Year to 5 April 1999
Companz cars ari taxed at 35% of thj
list price of thj car whjn it was new,
subject to an £80,000 ceiling. The
bjnjfit is reduced:
- bz 1/3 if annual businjss mileagj is
- bz 2/3 if annual businjss mileagj is
- by a furthjr 1/3 if thj car is 4 or
more yjars old at thj end of tax year
- by contributions the employee makes
for private usj
Source: Ernst & Young (sje pagj 271)
Mortgages & Savings Guide 250
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