The system uses the BIK rate for the expense tax year to calculate the vehicle cash equivalent and fuel cash equivalent values for the new expense tax year.
The new BIK rates for the expense tax year is uploaded automatically by the system as part of the year end software delivery. To review the vehicle cash equivalent and vehicle fuel cash equivalent values, follow the steps below in portal.
From the dashboard menu, click Administration Dashboard.
Click Scheduled Jobs, then navigate to the Car Administration Centre.
In the search field, search for the claimant number.
Highlight the relevant vehicle for the claimant, then click the three-dot
icon.
Click P46/P11D Details.
Click the Availability tab.
Fill in the following fields:
First available
Available from
Available to
Days vehicle unavailable
Click the Vehicle Costs tab. Review the Cash Equivalent of Vehicle field. If required, review the Cash Equivalent Override field.
Click the Free Fuel tab. Review the Cash Equivalent of Fuel for Vehicle field. If required, review the Fuel Cash Equivalent Override field.
Note: If you intend to payroll your car benefits, you need to register your intention to do so with HMRC before the start of the new tax year.