Compare All Company Car Benefit And Tax




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Compare All Company Car Benefit And Tax

Company car benefit or 'benefit-in-kind' ('BIK' or 'bik') basically taxes a car provided by your employer for private journeys.

You pay a fixed 'benefit-in-kind' on the company car based on:

  • The price of the car, delivery charges and options* fitted.
  • A multiplier or taxable percentage (essentially based on how harmful the car is to the environment).

*There are exemptions for special equipment designed solely to enable a disabled person to use a company car.

You can see a more detailed explanation of the benefit-in-kind by clicking on this link.

Getting Started

If you want to see all manufacturers then leave the list set at 'Choose a manufacturer ...', otherwise select the manufacturer you want.

Click on the 'Start' button and we'll then show:

  • The car and its 'P11D' value.
  • The percentage of 'P11D' value for the benefit-in-kind.
  • The benefit-in-kind and the taxable benefit at each of the tax rates.

When the results appear you can also select whether your tax residence is in Scotland (as the income tax rates are different).

You can read more about how our calculator works in the Help section below.

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    Help!

What Is The Benefit-in-Kind Of A Company Car?

We've set out the detailed rules published by HM Revenue & Customs; just click on this link, but remember that the rules are complex.

You can read a summary of the company car benefit or 'bik' rules at our main information about company car benefit or 'bik'.

Our information here is related to this calculator for company car benefit-in-kind. Our calculator shows a table of the P11D value, taxable percentage, company car benefit and tax due on the benefit.

Selecting All Manufacturers

If you want to see a table for all manufacturers then leave the manufacturer selection box set as 'Choose a manufacturer ...'.

You can then see a table of all manufacturers, models and derivatives.

Click on the 'Start' button and the page will show the results table.

Selecting Once Manufacturer

If you want to see a table for one specific manufacturer then choose the manufacturer from the list box.

Click on the 'Start' button and the page will show the results table just for your selected manufacturer.

Country Of Tax Residence

The table will normally show all the tax rates across the United Kingdom.

However, if you live in Scotland , click on the 'Yes' button under the heading 'Are you a tax resident of Scotland?' and we'll show all the tax rates just for that country.

If you live elsewhere (e.g., in England, Northern Ireland or Wales) then select 'No' on the button and we'll show just the tax rates applicable to the rest of the UK.

Option Selections

Our calculator shows the basic company car benefit and tax. If you have options added to your company car then you can choose the options and then calculate the taxable benefit and tax rates by clicking here.

Simply select the car, then the options fitted, add the car to your garage and then choose the Company Car Tax button to see the taxable benefit and tax rates applicable.

All Our Company Car Benefit And Tax Calculators

Here are links to all our company car benefit and tax calculators:

We've also explained business tax relief on company cars and company vans.

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(+44 1482 772553 from outside the UK)

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Contact

0330 444 0400
(+44 1482 772553 outside UK)

info@drivesmart.co.uk