Tax Calculator
When a company car is made available for the private use of an employee a 'benefit in kind' (BIK) tax value is calculated in relation to the car.
On selection of manufacturer, model and variant, and taking into account your tax band and whether your employer pays for your private fuel, the calculator will determine the value of any BIK tax that you would be liable to pay for the provision of company car and car fuel benefit.
Find a vehicle
(Select the manufacturer name, the model and the variant)
Car Details |
Your Financial Details |
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| Calculate taxes | |||
| Tax Years | |
| Taxable List Price (P11D value) |
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| Benefit-In-Kind Percentage |
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| Car Benefit in Kind |
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| Annual Cash Alternative |
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| Annual Trade Down Before Tax and NI |
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| Annual Gross salary reduction v |
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| Earnings foregone vi |
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| Greater of Car Benefit in Kind and Earnings foregone vii |
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| Annual Private Use Contribution iii |
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| Annual Capital Contribution iv |
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| Employee Tax Rate |
0% |
| Annual Tax Total |
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| Monthly Company car Tax Cost (P11d) i |
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| Monthly Private fuel Tax Cost ii |
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| Monthly Employee Contribution (Net Cost) |
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| Net Monthly Total Cost |
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The above values are indicative and for illustration only. Calculations are based on a 48 month contract.
i Paid through an adjustment in your tax code.
ii Private fuel only applies if your company provides you with fuel for private motoring. The private fuel calculation is based on rates as published at the time of quotation and may be subject to change. Please select no to private fuel if opting for an electric vehicle.
iii Where a Private Usage Contribution is stated, this figure has been used to offset some of your BIK/Cash Alterative liability. This is because the contribution stated is assumed to be a Private Use Contribution (PUC). If this is not the case, please refer to your scheme policy to clarify any tax implications. Annual PUC values and total costs may vary where your company policy requires PUC to be paid over a period less than the period of the vehicle contract.
iv Where a capital contribution is stated, this figure has been automatically used to offset some of your BIK liability. This is because the contribution stated is assumed to be a capital contribution. If this is not the case, please refer to your scheme policy to clarify any tax implications.
v Where a gross salary reduction is stated, this figure has been reflected when determining your BIK liability. Please refer to your scheme policy to clarify any tax implications.
vi Earnings foregone applies to non ULEV cars (please refer to the government website for more information), and is the cash alternative available for your grade less any trade down before tax and NI plus Gross salary reduction, if applicable.
vii If your grade entitles you to receive a company car or cash alternative, your tax will be based on the higher of the cash alternative or the benefit in kind of your selected company car (excluding ultra low emission vehicles).
NOTE: The tax values shown are based on tax legislation and rates as well as published vehicle information applicable at the time of quotation and may be subject to change. Further guidance can be obtained from the HMRC website (link to https://www.gov.uk/tax-company-benefits/tax-on-company-cars).
