

A very geeky question about P11D cash equivalent for car - help!

(2 Posts)
turnipvontrapp Wed 09-Jan-13 14:24:22

Would anyone know why the car cash equivalent is higher 2011/12 than 2010/11 for the same car? Don't understand it. Am just doing DH's tax return.

MrAnchovy Wed 09-Jan-13 15:28:55

The benefit is calculated by using the "appropriate percentage" of the car's purchase price. This percentage is based on the car's emissions and there were some changes between 2010/11 and 2011/12 - particularly for emissions in the range 125-130 g/km. Fuel benefits also changed, if this is not shown separately. There are more changes to come in 2012/13 and 2013/14 too.

If you want the exact calculation for your DH's car, ask the employer.

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