The value of company cars is set out in the legislation for the purposes of PWT. The value depends on the CO2 emissions of the vehicle, and the fuel type that is uses.
Amendments from 30 January 2024 enforce the use of the 'new European driving cycle' (NEDC) figure (wherever available) for fuel consumption, to determine the CO2 emission basis for the calculation of the benefit value. Electric cars have zero emission value.
The original list price of the vehicle is also wholly or partly used in the calculation, as set out below:
| Age of vehicle | Percentage of list price to be used |
| New–12 months | 100% |
| 13–24 months | 94% |
| 25–36 months | 88% |
| 37–48 months | 82% |
| 49–60 months | 76% |
| Over 5 years old | 70% |
The
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Web page updated on 17 Mar 2025 15:46