279. Taxable benefit in respect of private use of employer-provided cars.

A taxable benefit arises where a car is made available to an employee for private use by reason of the employment1. The employee is chargeable on the cash equivalent of the benefit, which is calculated by reference to the price of the car and an 'appropriate percentage' determined by the level of the car's CO2 emissions2. The price of the car is basically the list price plus accessories3, delivery charge, VAT and car tax