P284 CJJFAX 284 Sun 3 Mar 20:44/28 1/3 O CA" AND FUEL BENEFITS Car Benefit Year to 5 April 1996 & 1997 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: - bz 1/3 if annual business mileage is between 2,500 and 17,999 - bz 2/3 if annual 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 private use Source: Ernst & Young (see page 281) Next Page CityHeads Shares OptionsP284 CJEFAX 284 Sun 3 Mar 20:31/38 2/3 O CA" AND FUEL BENEFITS Year to 5 April 1996 Fuel Benefit Engine Size Petrol Diesel 1400cc or less £670 £605 1401-2000cc £850 £605 Over 2000cc £1260 £780 Reduced to nil if the employee refunds fuel used for private journeys. Source: Ernst & Young (see page 281) Next Page CityHiads Shares OptionsP284 CJJFAX 284 Sun 3 Mar 20:35/13 3/3 O CAR AND FUEL BENEFITS Year to 5 April 1997 Fuel Benefit Engine Size Petrol Diesel 1400cc or less £710 £640 1401-2000cc £890 £640 Over 2000cc £1320 £820 Reduced to nil if the employee refunds fuel used for private journeys. Source: Ernst & Young (see page 281) Next Page CityHiads Shares Options