EIM23773 - Car fuel benefit: example 4: car partly unavailable and fuel withdrawn
These examples illustrate all the principles summarised at EIM23760. 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 EIM23760) | £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 EIM23763, the reduced benefit is:
Car 1
|
£3,000 |
x |
(365 - (187 + 0)) |
= |
£1,463 |
|
365 |
Car 2
|
£3,600 |
x | (365 - (178 + 64)) | = | £1,213 |
| 365 |
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
EIM23764).
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. See the contents page at SE23750CO for details.
