Company Cars – informing HMRC

If you are not yet payrolling your benefits- in-kind and buy company cars for your employees, you will need to inform HMRC of the details of that car on form P46 (car).

There is now a new fuel type category on Form P46 (car) for diesel cars meeting Euro standard 6d. This is fuel type ‘F’.

Vehicles in category 6d are not subject to the 4% supplementary rate of taxable car benefit which applies to other diesel cars. This means, if you are payrolling benefits, you need to ignore the 4% supplement and work out the car benefit based on CO2 emissions using the percentage for non-diesel cars.

If you would like us to run your payroll – please give us a call on 01908 227055.