| | Question 1 | So, what changed in April 2002?
| |
| | |
Before April 2002, company car tax was based on the number of business miles you used your car for, so the more miles you did the less you had to pay.
But from April 2002 onwards, all this changed, and you can now do as many or as few business miles as you need (we're sure you'll want to do loads!). This is because company car tax rates are now based on the amount of CO2 emitted by your car. So cars like MINI, which have low CO2 emissions, will pay lower tax - good eh!
The old system was replaced on 6th April 2002.
Here comes the science part...
The CO2 emission level is measured by weighing the amount of CO2 produced for every kilometre that a MINI travels. A measurement is made for all new MINI models by BMW's very own 'European Union Approved Test Centre'.
The P11D value of a car will generally be the manufacturer's list price for the car (and any options fitted) including VAT, number plates and delivery charges, excluding any options which cost less than £100 and which were fitted after the car was first made available to you..
Here are some examples:
MINI One - Recommended price of £11,110 plus delivery charge of £325 and £25 for number plates
P11D value of £11,460
MINI Cooper - Recommended price of £12,510 plus delivery charge of £325 and £25 for number plates
P11D value of £12,860
MINI Cooper D - Recommended price of £13,755 plus delivery charge of £325 and £25 for number plates
P11D value of £14,105
MINI Cooper S - Recommended price of £15,485 plus delivery charge of £325 and £25 for number plates
P11D value of £15,835
MINI Cooper Clubman - Recommended price of £13,720 plus delivery charge of £325 and £25 for number plates
P11D value of £14,070
MINI Cooper D Clubman - Recommended price of £14,965 plus delivery charge of £325 and £25 for number plates
P11D value of £15,315
MINI Cooper S Clubman - Recommended price of £16,695 plus delivery charge of £325 and £25 for number plates
P11D value of £17,045
MINI One Convertible - Recommended price of £13,065 plus delivery charge of £325 and £25 for number plates
P11D value of £13,415
MINI Cooper Convertible - Recommended price of £14,395 plus delivery charge of £325 and £25 for number plates
P11D value of £14,745
MINI Cooper S Convertible - Recommended price of £17,390 plus delivery charge of £325 and £25 for number plates
P11D value of £17,740
Every car that's gone on sale in the UK for the first time since March 2001 has already had its CO2 emission figure set. This is done as part of its 'Type Approval Test', carried out by BMW before MINI had even hit the streets.
This figure will remain the same for the entire lifetime of your MINI.
Can I still get a business mileage discount under the new legislation?
MINI ONE
Recommended price of £11,110 (plus delivery charge of £325 and £25 for number plates)
P11D value of £11,460
CO2 Emission = 128g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£31.52 |
£57.30 |
MINI COOPER
Recommended price of £12,510 (plus delivery charge of £325 and £25 for number plates)
P11D value of £12,860
CO2 Emission = 129g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£35.37 |
£64.30 |
MINI COOPER D
Recommended price of £13,775 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,105
CO2 Emission = 104g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£46.55 |
£84.63 |
MINI COOPER S
Recommended price of £15,485 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,835
CO2 Emission = 149g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
16% |
£46.45 |
£84.45 |
MINI COOPER CLUBMAN
Recommended price of £13,720 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,070
CO2 Emission = 132g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£38.69 |
£70.35 |
MINI COOPER D CLUBMAN
Recommended price of £14,965 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,315
CO2 Emission = 109g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£50.54 |
£91.89 |
MINI COOPER S CLUBMAN
Recommended price of £16,695 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,045
CO2 Emission = 150g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
17% |
£53.12 |
£96.59 |
MINI ONE CONVERTIBLE
Recommended price of £13,065 (plus delivery charge of £325 and £25 for number plates)
P11D value of £13,415
CO2 Emission = 168g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
20% |
£49.19 |
£89.43 |
MINI COOPER CONVERTIBLE
Recommended price of £14,395 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,745
CO2 Emission = 174g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
21% |
£56.77 |
£103.22 |
MINI COOPER S CONVERTIBLE
Recommended price of £17,390 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,740
CO2 Emission = 199g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
26% |
£84.56 |
£153.75 |
| CO2 tax bandings |
| Car benefit charges for cars with an approved CO2 emissions figure |
| CO2 emissions in grams/kilometre |
Percentage of car's price
to be taxed |
| 2003/04 |
2004/05 |
2005/06 to 2007/08 |
|
|
145
|
145
|
140
|
15*
|
|
160
|
150
|
145
|
16*
|
|
165
|
155
|
150
|
17*
|
|
170
|
160
|
155
|
18*
|
|
175
|
165
|
160
|
19*
|
|
180
|
170
|
165
|
20*
|
|
185
|
175
|
170
|
21*
|
|
190
|
180
|
175
|
22*
|
|
195
|
185
|
180
|
23*
|
|
200
|
190
|
185
|
24*
|
|
205
|
195
|
190
|
25*
|
|
210
|
200
|
195
|
26*
|
|
215
|
205
|
200
|
27*
|
|
220
|
210
|
205
|
28*
|
|
225
|
215
|
210
|
29*
|
|
230
|
220
|
215
|
30*
|
|
235
|
225
|
220
|
31*
|
|
240
|
230
|
225
|
32*
|
|
245
|
235
|
230
|
33**
|
|
250
|
240
|
235
|
34***
|
|
255
|
245
|
240
|
35****
|
| If the exact CO2 emissions figure does not end in 0 or 5, round it down to the nearest 5g/km. |
|
| Diesel supplements |
| * |
Add 3% if car runs solely on diesel. |
| ** |
Add 2% if car runs solely on diesel. |
| *** |
Add 1% if car runs solely on diesel. |
| **** |
Maximum charge, so no diesel supplement. |
| The diesel supplement is waived if the car meets the Euro 4 emission standard and was registered before 1 January 2006. |
Annual taxable cost
To calculate the annual taxable cost of the MINI One you'll need to find your CO2 emission figure on your registration document.
For MINI One CO2 emissions begin at 128g/KM. Locate this figure (or nearest figure) in the table above and you'll see it has a tax rate of 15%.
The CO2 tax rate is then multiplied by the P11D value of the car in order to work out the annual taxable benefit value, and the rate of income tax paid by you is then applied to this amount to give you your annual cost in tax.
Here's an example
The annual taxable benefit of a MINI One would be 15% of its P11D value of £11,460. This works out at £1,719, and is the amount that you would pay tax against.
So, if you're on the highest level of income tax of 40%, then this would be : £1,719 x 40% = £687.60 (an equivalent of £57.3 per month).
MINI is a BMW Group brand. BMW (UK) Limited can accept no liability whatsoever for the information given which is offered as a general guide only. Information given relating to taxation and accounting issues is based on BMW (UK) Limited's understanding of the statutory position and Inland Revenue practice as at date of publication. We recommend you seek your own independent financial advice.
|  BACK TO TOP |
| |
| | Question 2 | When did the new legislation come into effect?
| |
| | |
Before April 2002, company car tax was based on the number of business miles you used your car for, so the more miles you did the less you had to pay.
But from April 2002 onwards, all this changed, and you can now do as many or as few business miles as you need (we're sure you'll want to do loads!). This is because company car tax rates are now based on the amount of CO2 emitted by your car. So cars like MINI, which have low CO2 emissions, will pay lower tax - good eh!
The old system was replaced on 6th April 2002.
Here comes the science part...
The CO2 emission level is measured by weighing the amount of CO2 produced for every kilometre that a MINI travels. A measurement is made for all new MINI models by BMW's very own 'European Union Approved Test Centre'.
The P11D value of a car will generally be the manufacturer's list price for the car (and any options fitted) including VAT, number plates and delivery charges, excluding any options which cost less than £100 and which were fitted after the car was first made available to you..
Here are some examples:
MINI One - Recommended price of £11,110 plus delivery charge of £325 and £25 for number plates
P11D value of £11,460
MINI Cooper - Recommended price of £12,510 plus delivery charge of £325 and £25 for number plates
P11D value of £12,860
MINI Cooper D - Recommended price of £13,755 plus delivery charge of £325 and £25 for number plates
P11D value of £14,105
MINI Cooper S - Recommended price of £15,485 plus delivery charge of £325 and £25 for number plates
P11D value of £15,835
MINI Cooper Clubman - Recommended price of £13,720 plus delivery charge of £325 and £25 for number plates
P11D value of £14,070
MINI Cooper D Clubman - Recommended price of £14,965 plus delivery charge of £325 and £25 for number plates
P11D value of £15,315
MINI Cooper S Clubman - Recommended price of £16,695 plus delivery charge of £325 and £25 for number plates
P11D value of £17,045
MINI One Convertible - Recommended price of £13,065 plus delivery charge of £325 and £25 for number plates
P11D value of £13,415
MINI Cooper Convertible - Recommended price of £14,395 plus delivery charge of £325 and £25 for number plates
P11D value of £14,745
MINI Cooper S Convertible - Recommended price of £17,390 plus delivery charge of £325 and £25 for number plates
P11D value of £17,740
Every car that's gone on sale in the UK for the first time since March 2001 has already had its CO2 emission figure set. This is done as part of its 'Type Approval Test', carried out by BMW before MINI had even hit the streets.
This figure will remain the same for the entire lifetime of your MINI.
Can I still get a business mileage discount under the new legislation?
MINI ONE
Recommended price of £11,110 (plus delivery charge of £325 and £25 for number plates)
P11D value of £11,460
CO2 Emission = 128g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£31.52 |
£57.30 |
MINI COOPER
Recommended price of £12,510 (plus delivery charge of £325 and £25 for number plates)
P11D value of £12,860
CO2 Emission = 129g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£35.37 |
£64.30 |
MINI COOPER D
Recommended price of £13,775 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,105
CO2 Emission = 104g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£46.55 |
£84.63 |
MINI COOPER S
Recommended price of £15,485 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,835
CO2 Emission = 149g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
16% |
£46.45 |
£84.45 |
MINI COOPER CLUBMAN
Recommended price of £13,720 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,070
CO2 Emission = 132g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£38.69 |
£70.35 |
MINI COOPER D CLUBMAN
Recommended price of £14,965 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,315
CO2 Emission = 109g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£50.54 |
£91.89 |
MINI COOPER S CLUBMAN
Recommended price of £16,695 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,045
CO2 Emission = 150g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
17% |
£53.12 |
£96.59 |
MINI ONE CONVERTIBLE
Recommended price of £13,065 (plus delivery charge of £325 and £25 for number plates)
P11D value of £13,415
CO2 Emission = 168g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
20% |
£49.19 |
£89.43 |
MINI COOPER CONVERTIBLE
Recommended price of £14,395 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,745
CO2 Emission = 174g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
21% |
£56.77 |
£103.22 |
MINI COOPER S CONVERTIBLE
Recommended price of £17,390 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,740
CO2 Emission = 199g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
26% |
£84.56 |
£153.75 |
| CO2 tax bandings |
| Car benefit charges for cars with an approved CO2 emissions figure |
| CO2 emissions in grams/kilometre |
Percentage of car's price
to be taxed |
| 2003/04 |
2004/05 |
2005/06 to 2007/08 |
|
|
145
|
145
|
140
|
15*
|
|
160
|
150
|
145
|
16*
|
|
165
|
155
|
150
|
17*
|
|
170
|
160
|
155
|
18*
|
|
175
|
165
|
160
|
19*
|
|
180
|
170
|
165
|
20*
|
|
185
|
175
|
170
|
21*
|
|
190
|
180
|
175
|
22*
|
|
195
|
185
|
180
|
23*
|
|
200
|
190
|
185
|
24*
|
|
205
|
195
|
190
|
25*
|
|
210
|
200
|
195
|
26*
|
|
215
|
205
|
200
|
27*
|
|
220
|
210
|
205
|
28*
|
|
225
|
215
|
210
|
29*
|
|
230
|
220
|
215
|
30*
|
|
235
|
225
|
220
|
31*
|
|
240
|
230
|
225
|
32*
|
|
245
|
235
|
230
|
33**
|
|
250
|
240
|
235
|
34***
|
|
255
|
245
|
240
|
35****
|
| If the exact CO2 emissions figure does not end in 0 or 5, round it down to the nearest 5g/km. |
|
| Diesel supplements |
| * |
Add 3% if car runs solely on diesel. |
| ** |
Add 2% if car runs solely on diesel. |
| *** |
Add 1% if car runs solely on diesel. |
| **** |
Maximum charge, so no diesel supplement. |
| The diesel supplement is waived if the car meets the Euro 4 emission standard and was registered before 1 January 2006. |
Annual taxable cost
To calculate the annual taxable cost of the MINI One you'll need to find your CO2 emission figure on your registration document.
For MINI One CO2 emissions begin at 128g/KM. Locate this figure (or nearest figure) in the table above and you'll see it has a tax rate of 15%.
The CO2 tax rate is then multiplied by the P11D value of the car in order to work out the annual taxable benefit value, and the rate of income tax paid by you is then applied to this amount to give you your annual cost in tax.
Here's an example
The annual taxable benefit of a MINI One would be 15% of its P11D value of £11,460. This works out at £1,719, and is the amount that you would pay tax against.
So, if you're on the highest level of income tax of 40%, then this would be : £1,719 x 40% = £687.60 (an equivalent of £57.3 per month).
MINI is a BMW Group brand. BMW (UK) Limited can accept no liability whatsoever for the information given which is offered as a general guide only. Information given relating to taxation and accounting issues is based on BMW (UK) Limited's understanding of the statutory position and Inland Revenue practice as at date of publication. We recommend you seek your own independent financial advice.
| BACK TO TOP |
| |
| | Question 3 | So how do they measure this 'CO2' stuff?
| |
| | |
Before April 2002, company car tax was based on the number of business miles you used your car for, so the more miles you did the less you had to pay.
But from April 2002 onwards, all this changed, and you can now do as many or as few business miles as you need (we're sure you'll want to do loads!). This is because company car tax rates are now based on the amount of CO2 emitted by your car. So cars like MINI, which have low CO2 emissions, will pay lower tax - good eh!
The old system was replaced on 6th April 2002.
Here comes the science part...
The CO2 emission level is measured by weighing the amount of CO2 produced for every kilometre that a MINI travels. A measurement is made for all new MINI models by BMW's very own 'European Union Approved Test Centre'.
The P11D value of a car will generally be the manufacturer's list price for the car (and any options fitted) including VAT, number plates and delivery charges, excluding any options which cost less than £100 and which were fitted after the car was first made available to you..
Here are some examples:
MINI One - Recommended price of £11,110 plus delivery charge of £325 and £25 for number plates
P11D value of £11,460
MINI Cooper - Recommended price of £12,510 plus delivery charge of £325 and £25 for number plates
P11D value of £12,860
MINI Cooper D - Recommended price of £13,755 plus delivery charge of £325 and £25 for number plates
P11D value of £14,105
MINI Cooper S - Recommended price of £15,485 plus delivery charge of £325 and £25 for number plates
P11D value of £15,835
MINI Cooper Clubman - Recommended price of £13,720 plus delivery charge of £325 and £25 for number plates
P11D value of £14,070
MINI Cooper D Clubman - Recommended price of £14,965 plus delivery charge of £325 and £25 for number plates
P11D value of £15,315
MINI Cooper S Clubman - Recommended price of £16,695 plus delivery charge of £325 and £25 for number plates
P11D value of £17,045
MINI One Convertible - Recommended price of £13,065 plus delivery charge of £325 and £25 for number plates
P11D value of £13,415
MINI Cooper Convertible - Recommended price of £14,395 plus delivery charge of £325 and £25 for number plates
P11D value of £14,745
MINI Cooper S Convertible - Recommended price of £17,390 plus delivery charge of £325 and £25 for number plates
P11D value of £17,740
Every car that's gone on sale in the UK for the first time since March 2001 has already had its CO2 emission figure set. This is done as part of its 'Type Approval Test', carried out by BMW before MINI had even hit the streets.
This figure will remain the same for the entire lifetime of your MINI.
Can I still get a business mileage discount under the new legislation?
MINI ONE
Recommended price of £11,110 (plus delivery charge of £325 and £25 for number plates)
P11D value of £11,460
CO2 Emission = 128g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£31.52 |
£57.30 |
MINI COOPER
Recommended price of £12,510 (plus delivery charge of £325 and £25 for number plates)
P11D value of £12,860
CO2 Emission = 129g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£35.37 |
£64.30 |
MINI COOPER D
Recommended price of £13,775 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,105
CO2 Emission = 104g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£46.55 |
£84.63 |
MINI COOPER S
Recommended price of £15,485 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,835
CO2 Emission = 149g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
16% |
£46.45 |
£84.45 |
MINI COOPER CLUBMAN
Recommended price of £13,720 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,070
CO2 Emission = 132g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£38.69 |
£70.35 |
MINI COOPER D CLUBMAN
Recommended price of £14,965 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,315
CO2 Emission = 109g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£50.54 |
£91.89 |
MINI COOPER S CLUBMAN
Recommended price of £16,695 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,045
CO2 Emission = 150g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
17% |
£53.12 |
£96.59 |
MINI ONE CONVERTIBLE
Recommended price of £13,065 (plus delivery charge of £325 and £25 for number plates)
P11D value of £13,415
CO2 Emission = 168g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
20% |
£49.19 |
£89.43 |
MINI COOPER CONVERTIBLE
Recommended price of £14,395 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,745
CO2 Emission = 174g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
21% |
£56.77 |
£103.22 |
MINI COOPER S CONVERTIBLE
Recommended price of £17,390 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,740
CO2 Emission = 199g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
26% |
£84.56 |
£153.75 |
| CO2 tax bandings |
| Car benefit charges for cars with an approved CO2 emissions figure |
| CO2 emissions in grams/kilometre |
Percentage of car's price
to be taxed |
| 2003/04 |
2004/05 |
2005/06 to 2007/08 |
|
|
145
|
145
|
140
|
15*
|
|
160
|
150
|
145
|
16*
|
|
165
|
155
|
150
|
17*
|
|
170
|
160
|
155
|
18*
|
|
175
|
165
|
160
|
19*
|
|
180
|
170
|
165
|
20*
|
|
185
|
175
|
170
|
21*
|
|
190
|
180
|
175
|
22*
|
|
195
|
185
|
180
|
23*
|
|
200
|
190
|
185
|
24*
|
|
205
|
195
|
190
|
25*
|
|
210
|
200
|
195
|
26*
|
|
215
|
205
|
200
|
27*
|
|
220
|
210
|
205
|
28*
|
|
225
|
215
|
210
|
29*
|
|
230
|
220
|
215
|
30*
|
|
235
|
225
|
220
|
31*
|
|
240
|
230
|
225
|
32*
|
|
245
|
235
|
230
|
33**
|
|
250
|
240
|
235
|
34***
|
|
255
|
245
|
240
|
35****
|
| If the exact CO2 emissions figure does not end in 0 or 5, round it down to the nearest 5g/km. |
|
| Diesel supplements |
| * |
Add 3% if car runs solely on diesel. |
| ** |
Add 2% if car runs solely on diesel. |
| *** |
Add 1% if car runs solely on diesel. |
| **** |
Maximum charge, so no diesel supplement. |
| The diesel supplement is waived if the car meets the Euro 4 emission standard and was registered before 1 January 2006. |
Annual taxable cost
To calculate the annual taxable cost of the MINI One you'll need to find your CO2 emission figure on your registration document.
For MINI One CO2 emissions begin at 128g/KM. Locate this figure (or nearest figure) in the table above and you'll see it has a tax rate of 15%.
The CO2 tax rate is then multiplied by the P11D value of the car in order to work out the annual taxable benefit value, and the rate of income tax paid by you is then applied to this amount to give you your annual cost in tax.
Here's an example
The annual taxable benefit of a MINI One would be 15% of its P11D value of £11,460. This works out at £1,719, and is the amount that you would pay tax against.
So, if you're on the highest level of income tax of 40%, then this would be : £1,719 x 40% = £687.60 (an equivalent of £57.3 per month).
MINI is a BMW Group brand. BMW (UK) Limited can accept no liability whatsoever for the information given which is offered as a general guide only. Information given relating to taxation and accounting issues is based on BMW (UK) Limited's understanding of the statutory position and Inland Revenue practice as at date of publication. We recommend you seek your own independent financial advice.
| BACK TO TOP |
| |
| | Question 4 | 'P11D Value'? What's that all about?
| |
| | |
Before April 2002, company car tax was based on the number of business miles you used your car for, so the more miles you did the less you had to pay.
But from April 2002 onwards, all this changed, and you can now do as many or as few business miles as you need (we're sure you'll want to do loads!). This is because company car tax rates are now based on the amount of CO2 emitted by your car. So cars like MINI, which have low CO2 emissions, will pay lower tax - good eh!
The old system was replaced on 6th April 2002.
Here comes the science part...
The CO2 emission level is measured by weighing the amount of CO2 produced for every kilometre that a MINI travels. A measurement is made for all new MINI models by BMW's very own 'European Union Approved Test Centre'.
The P11D value of a car will generally be the manufacturer's list price for the car (and any options fitted) including VAT, number plates and delivery charges, excluding any options which cost less than £100 and which were fitted after the car was first made available to you..
Here are some examples:
MINI One - Recommended price of £11,110 plus delivery charge of £325 and £25 for number plates
P11D value of £11,460
MINI Cooper - Recommended price of £12,510 plus delivery charge of £325 and £25 for number plates
P11D value of £12,860
MINI Cooper D - Recommended price of £13,755 plus delivery charge of £325 and £25 for number plates
P11D value of £14,105
MINI Cooper S - Recommended price of £15,485 plus delivery charge of £325 and £25 for number plates
P11D value of £15,835
MINI Cooper Clubman - Recommended price of £13,720 plus delivery charge of £325 and £25 for number plates
P11D value of £14,070
MINI Cooper D Clubman - Recommended price of £14,965 plus delivery charge of £325 and £25 for number plates
P11D value of £15,315
MINI Cooper S Clubman - Recommended price of £16,695 plus delivery charge of £325 and £25 for number plates
P11D value of £17,045
MINI One Convertible - Recommended price of £13,065 plus delivery charge of £325 and £25 for number plates
P11D value of £13,415
MINI Cooper Convertible - Recommended price of £14,395 plus delivery charge of £325 and £25 for number plates
P11D value of £14,745
MINI Cooper S Convertible - Recommended price of £17,390 plus delivery charge of £325 and £25 for number plates
P11D value of £17,740
Every car that's gone on sale in the UK for the first time since March 2001 has already had its CO2 emission figure set. This is done as part of its 'Type Approval Test', carried out by BMW before MINI had even hit the streets.
This figure will remain the same for the entire lifetime of your MINI.
Can I still get a business mileage discount under the new legislation?
MINI ONE
Recommended price of £11,110 (plus delivery charge of £325 and £25 for number plates)
P11D value of £11,460
CO2 Emission = 128g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£31.52 |
£57.30 |
MINI COOPER
Recommended price of £12,510 (plus delivery charge of £325 and £25 for number plates)
P11D value of £12,860
CO2 Emission = 129g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£35.37 |
£64.30 |
MINI COOPER D
Recommended price of £13,775 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,105
CO2 Emission = 104g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£46.55 |
£84.63 |
MINI COOPER S
Recommended price of £15,485 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,835
CO2 Emission = 149g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
16% |
£46.45 |
£84.45 |
MINI COOPER CLUBMAN
Recommended price of £13,720 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,070
CO2 Emission = 132g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£38.69 |
£70.35 |
MINI COOPER D CLUBMAN
Recommended price of £14,965 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,315
CO2 Emission = 109g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£50.54 |
£91.89 |
MINI COOPER S CLUBMAN
Recommended price of £16,695 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,045
CO2 Emission = 150g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
17% |
£53.12 |
£96.59 |
MINI ONE CONVERTIBLE
Recommended price of £13,065 (plus delivery charge of £325 and £25 for number plates)
P11D value of £13,415
CO2 Emission = 168g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
20% |
£49.19 |
£89.43 |
MINI COOPER CONVERTIBLE
Recommended price of £14,395 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,745
CO2 Emission = 174g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
21% |
£56.77 |
£103.22 |
MINI COOPER S CONVERTIBLE
Recommended price of £17,390 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,740
CO2 Emission = 199g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
26% |
£84.56 |
£153.75 |
| CO2 tax bandings |
| Car benefit charges for cars with an approved CO2 emissions figure |
| CO2 emissions in grams/kilometre |
Percentage of car's price
to be taxed |
| 2003/04 |
2004/05 |
2005/06 to 2007/08 |
|
|
145
|
145
|
140
|
15*
|
|
160
|
150
|
145
|
16*
|
|
165
|
155
|
150
|
17*
|
|
170
|
160
|
155
|
18*
|
|
175
|
165
|
160
|
19*
|
|
180
|
170
|
165
|
20*
|
|
185
|
175
|
170
|
21*
|
|
190
|
180
|
175
|
22*
|
|
195
|
185
|
180
|
23*
|
|
200
|
190
|
185
|
24*
|
|
205
|
195
|
190
|
25*
|
|
210
|
200
|
195
|
26*
|
|
215
|
205
|
200
|
27*
|
|
220
|
210
|
205
|
28*
|
|
225
|
215
|
210
|
29*
|
|
230
|
220
|
215
|
30*
|
|
235
|
225
|
220
|
31*
|
|
240
|
230
|
225
|
32*
|
|
245
|
235
|
230
|
33**
|
|
250
|
240
|
235
|
34***
|
|
255
|
245
|
240
|
35****
|
| If the exact CO2 emissions figure does not end in 0 or 5, round it down to the nearest 5g/km. |
|
| Diesel supplements |
| * |
Add 3% if car runs solely on diesel. |
| ** |
Add 2% if car runs solely on diesel. |
| *** |
Add 1% if car runs solely on diesel. |
| **** |
Maximum charge, so no diesel supplement. |
| The diesel supplement is waived if the car meets the Euro 4 emission standard and was registered before 1 January 2006. |
Annual taxable cost
To calculate the annual taxable cost of the MINI One you'll need to find your CO2 emission figure on your registration document.
For MINI One CO2 emissions begin at 128g/KM. Locate this figure (or nearest figure) in the table above and you'll see it has a tax rate of 15%.
The CO2 tax rate is then multiplied by the P11D value of the car in order to work out the annual taxable benefit value, and the rate of income tax paid by you is then applied to this amount to give you your annual cost in tax.
Here's an example
The annual taxable benefit of a MINI One would be 15% of its P11D value of £11,460. This works out at £1,719, and is the amount that you would pay tax against.
So, if you're on the highest level of income tax of 40%, then this would be : £1,719 x 40% = £687.60 (an equivalent of £57.3 per month).
MINI is a BMW Group brand. BMW (UK) Limited can accept no liability whatsoever for the information given which is offered as a general guide only. Information given relating to taxation and accounting issues is based on BMW (UK) Limited's understanding of the statutory position and Inland Revenue practice as at date of publication. We recommend you seek your own independent financial advice.
| BACK TO TOP |
| |
| | Question 5 | Who measures the vehicle's CO2 emissions and when?
| |
| | |
Before April 2002, company car tax was based on the number of business miles you used your car for, so the more miles you did the less you had to pay.
But from April 2002 onwards, all this changed, and you can now do as many or as few business miles as you need (we're sure you'll want to do loads!). This is because company car tax rates are now based on the amount of CO2 emitted by your car. So cars like MINI, which have low CO2 emissions, will pay lower tax - good eh!
The old system was replaced on 6th April 2002.
Here comes the science part...
The CO2 emission level is measured by weighing the amount of CO2 produced for every kilometre that a MINI travels. A measurement is made for all new MINI models by BMW's very own 'European Union Approved Test Centre'.
The P11D value of a car will generally be the manufacturer's list price for the car (and any options fitted) including VAT, number plates and delivery charges, excluding any options which cost less than £100 and which were fitted after the car was first made available to you..
Here are some examples:
MINI One - Recommended price of £11,110 plus delivery charge of £325 and £25 for number plates
P11D value of £11,460
MINI Cooper - Recommended price of £12,510 plus delivery charge of £325 and £25 for number plates
P11D value of £12,860
MINI Cooper D - Recommended price of £13,755 plus delivery charge of £325 and £25 for number plates
P11D value of £14,105
MINI Cooper S - Recommended price of £15,485 plus delivery charge of £325 and £25 for number plates
P11D value of £15,835
MINI Cooper Clubman - Recommended price of £13,720 plus delivery charge of £325 and £25 for number plates
P11D value of £14,070
MINI Cooper D Clubman - Recommended price of £14,965 plus delivery charge of £325 and £25 for number plates
P11D value of £15,315
MINI Cooper S Clubman - Recommended price of £16,695 plus delivery charge of £325 and £25 for number plates
P11D value of £17,045
MINI One Convertible - Recommended price of £13,065 plus delivery charge of £325 and £25 for number plates
P11D value of £13,415
MINI Cooper Convertible - Recommended price of £14,395 plus delivery charge of £325 and £25 for number plates
P11D value of £14,745
MINI Cooper S Convertible - Recommended price of £17,390 plus delivery charge of £325 and £25 for number plates
P11D value of £17,740
Every car that's gone on sale in the UK for the first time since March 2001 has already had its CO2 emission figure set. This is done as part of its 'Type Approval Test', carried out by BMW before MINI had even hit the streets.
This figure will remain the same for the entire lifetime of your MINI.
Can I still get a business mileage discount under the new legislation?
MINI ONE
Recommended price of £11,110 (plus delivery charge of £325 and £25 for number plates)
P11D value of £11,460
CO2 Emission = 128g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£31.52 |
£57.30 |
MINI COOPER
Recommended price of £12,510 (plus delivery charge of £325 and £25 for number plates)
P11D value of £12,860
CO2 Emission = 129g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£35.37 |
£64.30 |
MINI COOPER D
Recommended price of £13,775 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,105
CO2 Emission = 104g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£46.55 |
£84.63 |
MINI COOPER S
Recommended price of £15,485 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,835
CO2 Emission = 149g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
16% |
£46.45 |
£84.45 |
MINI COOPER CLUBMAN
Recommended price of £13,720 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,070
CO2 Emission = 132g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
15% |
£38.69 |
£70.35 |
MINI COOPER D CLUBMAN
Recommended price of £14,965 (plus delivery charge of £325 and £25 for number plates)
P11D value of £15,315
CO2 Emission = 109g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
18% |
£50.54 |
£91.89 |
MINI COOPER S CLUBMAN
Recommended price of £16,695 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,045
CO2 Emission = 150g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
17% |
£53.12 |
£96.59 |
MINI ONE CONVERTIBLE
Recommended price of £13,065 (plus delivery charge of £325 and £25 for number plates)
P11D value of £13,415
CO2 Emission = 168g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
20% |
£49.19 |
£89.43 |
MINI COOPER CONVERTIBLE
Recommended price of £14,395 (plus delivery charge of £325 and £25 for number plates)
P11D value of £14,745
CO2 Emission = 174g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
21% |
£56.77 |
£103.22 |
MINI COOPER S CONVERTIBLE
Recommended price of £17,390 (plus delivery charge of £325 and £25 for number plates)
P11D value of £17,740
CO2 Emission = 199g/km
| Tax Year |
% of vehicle to be taxed |
Monthly Payment 22% |
Monthly Payment 40% |
| 2007/8 |
26% |
£84.56 |
£153.75 |
| CO2 tax bandings |
| Car benefit charges for cars with an approved CO2 emissions figure |
| CO2 emissions in grams/kilometre |
Percentage of car's price
to be taxed |
| 2003/04 |
2004/05 |
2005/06 to 2007/08 |
|
|
145
|
145
|
140
|
15*
|
|
160
|
150
|
145
|
16*
|
|
165
|
155
|
150
|
17*
|
|
170
|
160
|
155
|
18*
|
|
175
|
165
|
160
|
19*
|
|
180
|
170
|
165
|
20*
|
|
185
|
175
|
170
|
21*
|
|
190
|
180
|
175
|
22*
|
|
195
|
185
|
180
|
23*
|
|
200
|
190
|
185
|
24*
|
|
205
|
195
|
190
|
25*
|
|
210
|
200
|
195
|
26*
|
|
215
|
205
|
200
|
27*
|
|
220
| |
