Car fuel benefit: example 4: car partly unavailable and fuel withdrawn
These examples illustrate all the principles summarised at EIM25550. 2004/05 is used, which is not a leap year.
Example: more than one car is available in the year from the same employment
The vehicles are specific to this example. The details are:
|### Car 1|
|### Car 2|
|Fuel benefit (full year, calculated as for EIM25550)||£3,000||£3,600|
|Car available from||6 April 2004||1 October 2004|
|Car available to||30 September 2004||5 April 2005|
|Car unavailable (days)||187||178|
|Fuel available from||1 May 2004||1 October 2004|
|Fuel available until||30 September 2004||31 January 2005|
|Days when car available without fuel being available||25 (6 to 30 April)||64 (1 February to 5 April)|
Using the formula at EIM25565, the reduced benefit is:
|£3,000 x (365 - (187+0)) / 365 = £1,463|
|£3,600 x (365 - (178 + 64)) / 365 = £1213|
Total for the year £1,463 + £1,213 = £2,676
Note: the days when fuel was not provided for Car 1 (6 April to 30 April) are not excluded because the statutory conditions are not fulfilled later in the year (see EIM25570).
The above figures would again apply had Car 1 remained available alongside Car 2, with all other dates unchanged. The fuel benefit for each car is calculated independently.
Years prior to 2003/04
The fuel benefit charge had a different basis in these years.