EIM23350 - Car benefit: appropriate percentage: introduction
Section 121 (step 5) and Sections 133 to 142 ITEPA 2003
This page relates to step 5 of the method statement in Section
121(1) ITEPA 2003, see
EIM23101.
The car benefit charge is calculated by multiplying the
interim sum at step 4 (the price of the car and accessories, see
EIM23100 onwards) by the appropriate
percentage based on the car's carbon dioxide (CO2) emissions, which
is determined at step 5.
Guidance on the appropriate percentage is in this section of
the guidance, which is set out as follows:
- finding the approved CO2 emissions figure, see EIM23360 onwards
- the appropriate percentage for cars first registered on or after 1 January 1998:
- the appropriate percentage for all cars first registered before 1 January 1998, see EIM23480.
