Car fuel benefit: example 1: full year
Section 152 ITEPA 2003
This example illustrates the principles at EIM25560.
A car has an appropriate percentage of 20% and is made available to the same employee for the whole of 2003/04.
The fixed amount for 2003/04 is £14,400 (see EIM25580).
The fuel benefit charge for 2003/04 is £2,880 (£14,400 x 20%).
There is a more complex example at EIM25615.
Years prior to 2003/04
The fuel benefit charge had a different basis in these years.