P284 CEEFAX 284 Mon 4 Nov 21:36/40 1/2 CA5 AND FUEL BENEFITS Car Benefit Year to 5 April 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 furthjt 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) COT Index Shares OptionsP284 CEEFAX 284 Mon 4 Nov 21:43/45 2/2 CA5 AND FUEL BENEFITS Year to 5 April 1997 Fuel Benefit Engine Size Petrol Diesel 1400cc or less £710 £640 1401-2000cc £890 £640 Ovjt 2000cc £1320 £820 Reduced to nil if the employee refunds fuel used for private journeys. Source: Ernst & Young (see page 281) COT Index Shares OptionsP284 CJ FAX@284 M#NN 21:29/*0 eel@|l4|, @B 2/2 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 5jIuceI to nil if tPj employee refunds fuel used for private journeys. Source: Ernst & Young (see page 281) COT Index Shares Options