Benefit-in-Kind – Private use of Company Cars

Tax and Duty Manual Part 05-04-02 has been updated to provide additional guidance regarding:

• the tax treatment of company cars (and related running costs) for benefit-in-kind purposes
• the exemption from benefit-in-kind for electric cars introduced by Finance Act 2017.

Material from Tax and Duty Manual Part 05-04-03 - Benefit-in-Kind on use of Company Cars by Employees in the Motor Industry, has also been incorporated into this manual.

10 May 2018