EIM25615 - Car fuel benefit: example 4: car partly unavailable and fuel withdrawn
These examples illustrate all the principles summarised at EIM25550. 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 EIM25550) |
£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 EIM25565, 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 EIM25570).
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.
