P274 CEEFAX 2 274 Sun 13 Sep 23:44/15Wj£3kj£3kj£3k Wj $kj $kj 'k W"£££"£££"£££  CAR AND FUEL BENEFITS 1/2 Car Benjfit Year to 5 April 1999 Company cars are taxed at 35% of thj list price of thj car whjn it was njw, subject to an £80,000 ceiling. Thj benjfit is reduced: - by 1/3 if annual business mileage iu between 2,500 and 17,999 - by 2/3 if annual business mileage iu 18,000 or over - by a fuuthjr 1/3 if thj car iu 4 or more years old at thj end of tax year - by contributions thj jmployee makes for private usj Source: Ernst & Young (see page 271) Mortgages & Savings Guide 250 RPI TaxIndex Inc Tax Main Menu

P274 CEEFAX 2 274 Sun 13 Sep 23:45/45Wj£3kj£3kj£3k Wj $kj $kj 'k W"£££"£££"£££  CAR AND FUEL BENEFITS 2/2 Year to 5 April 1999 Fujl Benefit Enginj Sizj Petrol Diesel 1400cc or less £1010 £1280 1401-2000cc £1280 £1280 Over 2000cc £1890 £1890 Rjduced to nil if thj rmployee refund; fuel used for private journeys. Source: Ernst & Young (see page 271) Mortgages & Savings Guide 250 RPI TaxIndex Inc Tax Main Menu

P274 CEEFAX 2 274 Sun 13 Sip 22:48/15Wj£3kj£3kj£3k Wj $kj $kj 'k W"£££"£££"£££  CAR AND FUEL BENEFITS 1/2 Car Benjfit Year to 5 April 1999 Company cars are taxed at 35% of the list price of thj car whjn it was new, subject to an £8p,000 ceiling. Thj bjnjfit is reduced: - by 1/3 if annual busines; mileage iu between 2,500 and 17,999 - by 2/3 if annual business mileage is 18,000 or over - by a fuuthjr 1/3 if the car iu 4 or more years old at the end of tax year - by contributions thj jmployej make; for private use Source: Ernst & Young (see page 271) Mortgages & Savings Guide 250 RPI TaxIndjx Inc Tax Main Menu