Motor cars, Vans and private fuel benefit 8 / 15

Q3 Section A

On 6 April 2023, Jamie’s employer provided Jamie with a company car and it has been used by Jamie for both private and business use since that date. The car had a list price of £18,000 but had only cost the employer £16,000. Jamie paid £6,000 towards the capital cost of the car. The relevant car benefit percentage is 20%. Jamie earns £50,000 per year.

What is Jamie’s total taxable benefit in respect of the car for the tax year 2023–24?

Pick 1 option

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