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Where an employee has the ability to make private use of an employer-provided vehicle, a taxable benefit arises to the employee. Additionally, employer social security contributions will be due on the value of the benefit.

See 4.13 for the car allowance payment where the employee uses their own car.

The value of a company car for taxation purposes is calculated according to a complex set of rules, but essentially is determined by taking the following into consideration:

1. Ìý

   •ÌýÌýÌýÌý list price of the vehicle

2. Ìý

   •ÌýÌýÌýÌý cost of additional equipment not included in the regular list price

3. Ìý

   •ÌýÌýÌýÌý vehicle emissions (impact to the environment)

4. Ìý

   •ÌýÌýÌýÌý whether the employee drives at least 30,000 km per year as part of the job

5. Ìý

   •ÌýÌýÌýÌý whether the employee drives the vehicle for private use less than 100 km per year, and on no more than ten occasions

6. Ìý

   •ÌýÌýÌýÌý vehicle tax applicable to vehicles registered