CAR BENEFIT title: car benefit (PA-BN-FB) (SAP Library - Glossary)
CAR BENEFIT category: Flexible Benefits (PA-BN-FB)
CAR BENEFIT explained:
Gross taxable benefit for a company car.
It is related to the car price, CO2-band percentage, car availability; employee's regular payment for the company car and the car's fuel scale charges. The formula to calculate car benefit is: X = A * B * [(N-C)/N] - D, where
X = Car benefit A = Car price (Sum of list price, accessories and further accessories) B = CO2-band percentage of the car C = Unavailability days D = Regular payment of employee N = Number of days in the tax year (April 6 to next April 5)More terms such as car benefit in Dictionary C.
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