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How is my Fuel Benefit Tax calculated?

As announced by the Chancellor in Budget 2002 a new fuel benefit charge will come into effect from 2003/04. The charge, which replaces the present fuel scale charge, applies where an employee who has a company car is provided with free fuel for private use, the same circumstances as the present fuel scale charge. The change is in how the benefit is measured. It will, like the new company car benefit charge, be linked directly to the CO2 emissions of the company car. The same percentage figure will be used for both purposes. Like car benefit, the fuel benefit charge will be based on the level of CO2 emissions of the car, with the same 3 per cent supplement for diesels which do not meet Euro IV standards and reductions for alternatively fuelled cars. Also like car benefit, the percentages for petrol and diesel range from a minimum of 15 to a maximum of 35 per cent and the percentage for alternative fuels and hybrid cars can be below 15 per cent with reductions.


To calculate the benefit charge on free fuel the percentage figure will be multiplied against a set figure for the year. For the year 2003/04 the set figure will be £14,400.

For example
A car that has CO2 emissions of 195g/km
Percentage used to calculate the company car tax charge for 2004/05 is 25%. The fuel scale charge will be 14,400 x 25% = £3,600.

Where free fuel ceases to be provided to an employee during the tax year, they will be entitled to pay only the proportion of the full annual tax charge related to the part of the year until free fuel stopped. The amount of Class 1A NICs (National Insurance Contributions) due will be proportionally reduced to the same extent. However, receiving free fuel again later in the same tax year will prevent any apportionment for this reason.

CO2 emissions table

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Carbon Neutral Leasing

In brief, we will ensure that for every ton of carbon emitted into the atmosphere by a vehicle we supply, we will pay for the CO2 emitted to be replaced. Thus the carbon loss caused by these vehicles is neutralised. We will calculate the amount of carbon emitted or the "carbon profile" of the lease vehicle, and pay for sustainable energy projects to offset emissions. In this way, vehicles leased through Green Car Lease will be truly carbon neutral. The environmentally friendly projects around the world involve supporting:


* Renewable energy -- this replaces non-renewable fuel such as coal
* Energy efficiency -- this reduces the amount of fuel needed
* Forest restoration -- this absorbs CO2 from the atmosphere as the trees grow

Each customer will receive an emailed certificate from a climate care organisation confirming the donation made by Green Car Lease to offset emissions. Please call us on 01722 322 888 and ask for further details.

Corporate Fleet Management Programme

Whatever your fleet size, we are able to establish a programme to help manage your vehicles in a cost effective and efficient manner. We currently work with customers to create a tailored service that meets the needs of each individual company. Drivers call us directly with breakdown issues, accident damage repair, rental vehicles, abroad requests, payment issues, vehicle movements and any other vehicle related queries that occur. We eliminate management headaches and reduce costs.

Essentially, we establish agreed parameters with a company and then handle vehicles and drivers accordingly. We pride ourselves in providing a personal and friendly service - no call centers, frustrating phone systems or remote / distant help desks. You call our offices directly with queries, and we handle everything. We get to know drivers personally in order to ensure a slick and efficient process. We take pride in the fact that both drivers and fleet managers enjoying working with us.

In addition to the above, we are also able to offer all corporate customers a carbon neutral fleet management package. This takes into consideration emissions generated from fleet cars and vans as well as rental / courtesy cars supplied throughout the UK . Please contact us directly for further information about how we can manage your fleet in a personal, cost efficient and environmentally friendly manner.

Copyright ©2004 Wessex Fleet Solutions contract lease hire

All information contained in this website is current at the time of publication and whilst the greatest care has been taken over its compilation, Wessex Fleet Solutions cannot be held responsible for any errors or omissions. All photographic images are for demonstration purposes and may not depict the relevant model. Wessex Fleet Solutions, Enterprise House, Cherry Orchard Lane, Salisbury, Wiltshire, SP27LD Wiltshire specialist in contract lease hire.

 

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Toyota Prius Hybrid

From £254.99+vat

Ford Focus Biofuel

From £199.99+vat

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Honda Civic Hybrid

From £239.99+vat

Saab 9-3 Sport Saloon Biopower

From £314.99+vat
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