P274 CEJFAX 2 274 Sat 20 Feb 18:12/10 CA5 AND FUEL BENEFITS 1/2 Car Benefit Year to 5 April 1999 Company cars are taxed at 35% of the list price of the car when it was new, subject to an £80,000 ceiling. The benefit is reduced: - by 1/3 if annubl business mileage is between 2,500 and 17,999 - by 2/3 if annubl business mileage is 18,000 or over - bz a further 1/3 if the car is 4 or more years old at the end of tax year - bz contributions the employee makes for privbte use Source: Ernst & Young (see page 271) Mortgages & Savings Gujdj 250 PI TaxIndjx Inc Tbx Main MenuP274 CJJFAX 2 274 Sat 20 Feb 18:11/51 W CA5 AND FUEL BENIFRT3 2/4 Year to 5 April 1999 Fuel Benefit Engine Size Petrol Diesel 1400cc or less £1010 £1280 1401 20 0cc £1280 £1280 vjr 20 0cc £1890 £180 Rj ucid to nil if the employee refunds fu l used for private journeys. Sourc : Ernst & Young (see pag 271) Mortgag s & Sav nos Gupdj 250 UPI TbxIndjx Inc Tbx Main MMnu