Company car appropriate percentages for 2021-22
11 March 2021
The HMRC Software Developers Support Team have released details of the car appropriate percentages to be used for the tax year 2021-2022.
For cars registered on or after 1 January 1998 with an approved CO2 emissions figure, the advice is to refer to the ‘Company Car Tax’ section within the Policy paper: Annex A: Rates and Allowances.
The below table relates to cars registered on or after 1 January 1998 without an approved CO2 emissions figure:
|
Engine capacity (cc) |
Appropriate percentage (A and F) |
Appropriate percentage (D) |
|
|
|
|
|
1400 or less |
24% |
28% |
|
1401 to 2000 |
35% |
37% |
|
Over 2000 |
37% |
37% |
|
All rotary engines |
37% |
37% |
For all cars registered before 1 January 1998:
|
Engine capacity (cc) |
Appropriate percentage |
|
|
|
|
1400 or less |
24% |
|
1401 to 2000 |
35% |
|
Over 2000 |
37% |
|
All rotary engines |
37% |
It has also been confirmed that capital contributions made by the employee towards the cost of the car or the accessories remain at the maximum of £5,000
Details within the notification also confirm that a car classic car is one which is at least 15 years old on 5 April 2022 and has a market value of at least £15,000
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.