Car fuel benefit charge
|Fuel benefit charge multiplier||£23,400||£24,100|
The fuel benefit charge is calculated by multiplying the fuel benefit charge multiplier by the car's appropriate percentage; that is the CO2 emissions derived percentage used to calculate the car benefit charge. For the full table see the page on car benefit charge
The fuel benefit charge is reduced to nil if the employee is required to make good the full cost of all private fuel, and does so. A proportionate reduction is made if the company car is only available for part of the year, where private fuel ceases to be provided part-way through a year, or where the benefit of the car is shared.
There is currently no fuel benefit charge for cars powered by electricity. HMRC do not regard electricity as a fuel.