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Add New Car

Use

Car benefit is a tax on an employee for the benefit of having a car available for private use and is also used to assess liability for Class 1A NICs. It does so by treating the employee as though their earnings for tax were higher by a notional sum (the `cash equivalent' of the benefit).

This screen is used to enter the details of a new company car.

Path

Employer / Setup > Chart of Setup > P11D Masters > Car & Fuel > Add New Car

OR

Process P11D > Assign P11D Benefit > Cars and Fuel > Assign Benefits > Assign New Car > Add New Car

Fields Available

Fields marked with an asterisk (*) are mandatory.

Enter the following details in the Car- Essential Details area.

• Make: Enter here the make of the car.
• Model: Enter here the model of the car.
• List Price: Enter here the list price of the car.
• Fuel / Power Type: From the drop down list, select the fuel used in the car.

Enter the following information in the Optional Details

• Year: Enter here the car make year.
• Color: Enter here the color of the car.
• Classic Car Value: Enter here the market value of the car if it is a classic car.
  Note: A car is considered a classic if it is 15 or more years old, if it has a classic value of £15,000 or more and if its current market value is more than the original price.
• Optional Accessory Cost: Enter here the cost of any accessories (if any) that was added to the car since its registration. For example, car stereo, sun roof etc.
• M.O.T. Date:  Enter here the MOT due date. You can use the calendar button to enter the date.
  Note: The Ministry Of Transport (MOT) decides the valid period of the automobile inspection permit for vehicles that are three or more years old.
• Engine Size: Enter here the engine size of the car.
• Approved CO2: Enter here the carbon dioxide emission figure of the car in grams per kilometer.
• Purchased Date: Enter here the date when the car was purchased. You can use the calendar button to enter the date.
• Purchased Price: Enter here the price of the car when it was purchased.

Associated Tasks

• Save: To save the details, click on this button. The Car & fuel Setup screen will appear, displaying the newly added car.
• Cancel: If you wish to exit this screen without saving the details, click on this button. You will be taken back to the Car & fuel Setup screen.

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