Company car capital allowances can vary significantly between vehicles.
The allowable business tax relief depends on factors such as the vehicle's purchase price, CO2 emissions, fuel type and the company car capital allowances rate set by the Chancellor of the Exchequer and, of course, the business tax rate.
The DriveSmart Company Car Capital Allowances Search allows users to browse and compare current company cars using structured capital allowances and vehicle data.
You can view company car capital allowances results for petrol, diesel, hybrid and electric company cars and compare allowable deduction values across thousands of current vehicles.
Why Company Car Capital Allowances Matter
Capital allowances can create significant tax relief for businesses, plus relief for employer's National Insurance Contributions too.
However, small differences in CO2 emissions can also change the capital allowances due for business tax relief.
Comparing company car capital allowances can therefore be an important part of choosing a company car.
What Information Is Included?
The DriveSmart Company Car Capital Allowances Search includes information such as:
- manufacturer, range and derivative;
- fuel type;
- CO2 emissions;
- P11D value, annual and monthly benefit and the BIK % rate
- Employer's NIC Amount
- Capital Allowances Rate
- 100% FYA
- Year 1 Allowance
- Remaining Pool
- Year 1 CT Relief
- Business Tax Relief
The results are designed to help employers, accountants, fleet managers and company car drivers compare the tax implications of different vehicles.
Electric Company Cars
Qualifying new electric company cars can currently benefit from accelerated capital allowances because they produce zero tailpipe CO₂ emissions and may qualify for a 100% First Year Allowance.
As a result, many employees and employers then compare electric company cars alongside petrol, diesel and hybrid alternatives when considering company car capital allowances.
Electric cars also create a lower taxable company car benefit because the calculation uses the car's P11D value and the relevant taxable percentage for the tax year.
Hybrid Company Cars
Hybrid company cars occupy a position between conventional petrol or diesel vehicles and fully electric vehicles.
The company car tax percentage applied to a hybrid vehicle depends on factors including CO2 emissions and electric driving capability.
For capital allowance purposes, hybrid company cars generally qualify for Writing Down Allowances rather than 100% First Year Allowances. Depending on their CO2 emissions, they may fall within either the Main Pool or the Special Rate Pool, so business tax relief is normally spread over a number of years.
Using The Company Car Capital Allowances Search
Users can browse all current company car capital allowances or filter the results by manufacturer and/or capital allowances.
Results can be displayed in pages of 20, 50, 100 or all vehicles.
The results table can also be sorted by many of the displayed values, including P11D value, Benefit-in-Kind percentage, company car tax and capital allowances.
This makes it possible to compare vehicles with different list prices, fuel types, emissions and taxable percentages using a single consistent data source.
Important: DriveSmart provides factual comparison data. It does not recommend cars or rank vehicles as best or worst.
DriveSmart reviews this page whenever the Chancellor of the Exchequer or HMRC announce significant changes to the legislation affecting this topic.
Related Company Car Tax Tools
All Company Car Capital Allowances Search FAQs
What is the DriveSmart company car capital allowances search?
The DriveSmart company car capital allowances search allows users to browse and compare company car capital allowances for current cars using structured vehicle and tax data.
What information is included in the company car capital allowances search?
The search includes information such as P11D value, BIK percentage, annual taxable benefit, monthly taxable benefit, the employer's National Insurance Contributions and the capital allowances applicable.
How are company car capital allowances calculated?
Company car capital allowances are normally calculated based on the car's price and the applicable allowance rate.
Does DriveSmart recommend company cars?
No. DriveSmart provides factual vehicle and tax comparison data, but does not recommend cars or rank cars as best or worst.