Fleet News

BUDGET: Benefit-in-kind CO2 bands by tax year

From April 2015, two new CCT bands will be introduced at 0-50g/km and 51-75g/km. The appropriate percentage of the list price subject to tax for the 0-50g/km will be 5% in 2015-16, and 7% in 2016-17.

The appropriate percentage of the list price subject to tax for the 51-75g/km CO2 band will be 9% in 2015-16 and 11% in 2016-17.

In 2017-18 there will be a 3 percentage point differential between the 0-50 and 51-75g/km bands, and between the 51-75 and 76-94g/km band.

In 2018-19 and 2019-20 there will be a 2 percentage point differential between the 0-50 and 51-75g/km bands and between the 51-75 and 76-94g/km bands.

In future years CCT rates will be announced three years in advance and the Government will review these incentives for ULEVs in light of market developments at Budget 2016, to inform decisions on CCT from 2020-21 onwards.

% of P11D Price*
2013/14
g/km 
2014/15
g/km 
2015/16
g/km 
2016/17
g/km 
0 0 0 - -
5 1-75
1-75
0-50
-
7 - - - 0-50
9 - - 51-75 -
10
76-94
-
-
-
11
95-99
76-94
-
51-75
12
100-104
95-99
-
-
13
105-109
100-104
76-94
-
14
110-114
105-109
95-99
-
15
115-119
110-114
100-104
76-94
16
120-124
115-119
105-109
95-99
17
125-129
120-124
110-114
100-104
18
130-134
125-129
115-119
105-109
19
135-139
130-134
120-124
110-114
20
140-144
135-139
125-129
115-119
21
145-149
140-144
130-134
120-124
22
150-154
145-149
135-139
125-129
23
155-159
150-154
140-144
130-134
24
160-164
155-159
145-149
135-139
25
165-169
160-164
150-154
140-144
26
170-174
165-169
155-159
145-149
27
175-179
170-174
160-164
150-154
28
180-184
175-179
165-169
155-159
29
185-189
180-184
170-174
160-164
30
190-194
185-189
175-179
165-169
31
195-199
190-194
180-184
170-174
32
200-204
195-199
185-189
175-179
33
205-209
200-204
190-194
180-184
34
210-214
205-209
195-199
185-189
35
215 and above
210 and above
200-204
190-194
36
 
 
205-209
195-199
37
 
 
210 and above
200 and above
 
*Add 3% for diesels up to a maximum of 35% in 2013/14 and 2014/15. Add 3% for diesels up to a maximum of 37% in 2015/16 and from 2016/17 onwards the diesel supplement is scrapped.

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