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Qualifying Low Emission Cars
There was a new type of company car defined in this years budget. These cars are deemed to be greener therefore they attract a reduced benefit charge from 2008/2009 onwards.
From 6 April 2008 there is a new 10% band introduced for cars with a CO2 emissions figure of exactly 120 g/km or lower. Please note that the normal rule of rounding down does not apply in this instance e.g. if a car has a CO2 figure of 123g/km it cannot be rounded down to 120 g/km to qualify for the 10% band.
These cars are termed qualifying low emissions cars, QUALECs for short. Further reductions (e.g. for hybrid or bi-fuel cars) will not apply to QUALECs. However the 3% supplement continues to apply to diesel engine QUALECs.
Finally cars powered solely by electricity are excluded from these arrangements and retain their net appropriate percentage of 9%.
Version 2008.2.1 of the P11D Organiser has all of this new legislation incorporated into it.
