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3. Rose is employed, and was provided with a hybrid electric company car on 1 July 2023. The car has a list price of £50,000, CO2 emissions of 39 grams per kilometre and an electric range of 52 miles. The employer also paid for road tax and insurance for the car, amounting to £800.
What is the amount of Rose’s taxable benefits for the tax year 2023-24?
A.£3,600
B.£3,800
C.£4,000
D.£3,000
The correct answer is D.£50,000 x 8% × 9/12 = £3,000
the tax rate for 39g is 12%, is this answer wrong then?
Check the electric range table in the rates pages for electric range of 52 miles.
“For hybrid-electric motor cars with CO2 emissions between 1 and 50 grams per kilometre. the
electric range of the car is relevant”The answer is correct and your fellow students are right – check the tax tables
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“For hybrid-electric motor cars with CO2 emissions between 1 and 50 grams per kilometre. the
electric range of the car is relevant”
missed it!..sorry , thanks everyone!
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