A quick recap of the 2008 and its implications. 

Company car tax
The lower CO2 threshold for qualifying cars reduces to 130g/km from April 2010.

Authorised Mileage Allowance Payments (AMAPs)
Rates for business mileage in a private car in 2008/9 held at 40p/mile up to 10,000 miles a year, 25p/mile above 10,000 miles.

Class 1A NICs
Calcualtion is based on 12.8% of P11D value in 2008/9 - unchanged from 2007/8.

Employer-provided ‘free’ fuel
Government set rate for the calcualtion of tx due on employer-provided ‘free’ fuel for private use rose to £16,900 from April 2008.

Capital allowances
These will be based on emissions of CO2 from April 2009. Expenditure on cars with CO2 emissions above 160g/km will attract 10% writing down allowance (WDA) while expenditure on cars with CO2 emissions of 160g/km or below with attract 20% WDA.

Biofuels
Duty differentials for biofuels will cease in 2010, with support switching to the Renewable Transport Fuel Obligation (RTFO) from April 2008. The RTFO aims to reach a target of 5.7% biofuel content for all road transport fuels by 2010.

Fuel duty
A rise in duty of 2p/litre is deferred until 1 October 2008.