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Input the p11D value of your car (list price combined with VAT, delivery, cost options, & registration) in the field marked with a £ below, fill in the rest of the form, and your approximate Yearly and Monthly rates will be printed in the table at the bottom.
Note: RDE2-compliant diesel vehicles are exempt from the 4% additional rate, so this is not included in the calculation.
| 2019/20 | 2020/21 | 2021/22 | 2022/23 | |
|---|---|---|---|---|
| Approx. Yearly Rate | £ | £ | £ | £ |
| Approx. Monthly Rate | £ | £ | £ | £ |
Benefits in Kind (BIK) are benefits which directors or employees receive from employment which are not included in their salary or wages. Sometimes these are also called "perks" or "fringe benefits". A company car is seen as a major perk by the taxman: and as soon as you use it for a personal reason (including commuting), it is viewed as a taxable payment.
The below table illustrates rates for cars registered before 6th April 2020
| CO2 (g/km) | Electric Range (miles | 2020-21 (%) | 2021-22 (%) | 2022-23 (%) |
|---|---|---|---|---|
| 0 | N/A | 0 | 1 | 2 |
| 1-50 | >130 | 2 | 2 | 2 |
| 1-50 | 70-129 | 5 | 5 | 5 |
| 1-50 | 40-69 | 8 | 8 | 8 |
| 1-50 | 30-39 | 12 | 12 | 12 |
| 1-50 | <30 | 14 | 14 | 14 |
| 50-54 | 15 | 15 | 15 | |
| 55-59 | 16 | 16 | 16 | |
| 60-64 | 17 | 17 | 17 | |
| 65-69 | 18 | 18 | 18 | |
| 70-74 | 19 | 19 | 19 | |
| 75-79 | 20 | 20 | 20 | |
| 80-84 | 21 | 21 | 21 | |
| 85-89 | 22 | 22 | 22 | |
| 90-94 | 23 | 23 | 23 | |
| 95-99 | 24 | 24 | 24 | |
| 100-104 | 25 | 25 | 25 | |
| 105-109 | 26 | 26 | 26 | |
| 110-114 | 27 | 27 | 27 | |
| 115-119 | 28 | 28 | 28 | |
| 120-124 | 29 | 29 | 29 | |
| 125-129 | 30 | 30 | 30 | |
| 130-134 | 31 | 31 | 31 | |
| 135-139 | 32 | 32 | 32 | |
| 140-144 | 33 | 33 | 33 | |
| 145-149 | 34 | 34 | 34 | |
| 150-154 | 35 | 35 | 35 | |
| 155-159 | 36 | 36 | 36 | |
| 160+ | 37 | 37 | 37 |
To calculate how much tax you'd have to pay on a company car please use the method below:
Vehicle Excise Duty (VED) is an alternative term for Road Fund License (RFL), or Car Tax. This is built into your monthly rentals, so you don't need to worry.
As illustrated below, cars with lower emissions pay less.
Cars registered on or after 1st April 2018 will be subject to the following:
| Emissions (g/km of CO2) | Standard Rate | First Year Rate | First Year Diesel Rate |
|---|---|---|---|
| 0 | £0 | £0 | £0 |
| 1-50 | £140 | £10 | £25 |
| 51-75 | £140 | £25 | £105 |
| 76-90 | £140 | £105 | £125 |
| 91-100 | £140 | £125 | £145 |
| 101-110 | £140 | £145 | £165 |
| 111-130 | £140 | £165 | £205 |
| 131-150 | £140 | £205 | £515 |
| 151-170 | £140 | £515 | £830 |
| 171-190 | £140 | £830 | £1,240 |
| 191-225 | £140 | £1,240 | £1,760 |
| 226-255 | £140 | £1,760 | £2,070 |
| Over 255 | £140 | £2,070 | £2,070 |
Cars with a value of over £40,000 (including cost options, such as metallic paint) pay an annual £310 supplement for five years
