TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Company Car and Car Fuel Benefit Calculator Updated

HMRC has updated the company car and car fuel benefit calculator to reflect the increase in the car fuel benefit multiplier from 6 April 2012.

The calculator:

  • allows calculations of the ‘benefit in kind’ value of a company car and, if appropriate the car fuel benefit;
  • provides an indication of the Income Tax that an individual would be liable to pay for the provision of company car and car fuel benefit

The calculator was updated in January 2012 to allow calculations from 2006–07 onwards. Information about forthcoming changes to the company car rules is also available at http://www.hmrc.gov.uk/cars/rule-changes.htm.