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

£
                    *
    £
Calculate taxes
Tax Years

Taxable List Price (P11D value)

TBC

Benefit-In-Kind Percentage

TBC

Car Benefit in Kind

TBC

Cash Alternative

TBC

Trade Down Before Tax and NI

TBC

Gross salary reduction         v

TBC

Earnings foregone         v*

TBC

Greater of Car Benefit in Kind and Earnings foregone       v**

TBC

Private Use Contribution         **

TBC

Capital Contribution         *v

TBC

Employee Tax Rate

0%

Annual Tax Total

TBC

Monthly Company car Tax Cost (P11d)         ^

TBC

Monthly Private fuel Tax Cost

TBC

Monthly Employee Contribution (Gross)

TBC

Monthly Employee Contribution (Net Cost)

TBC

Monthly Total Cost

TBC

Please be aware that indicative Benefit in Kind tax values or percentages may be overstated as they may not include the 4% Benefit in Kind/National Insurance reduction for cars which meet the latest RDE2 emissions target. Please check any tax figures with HMRC (https://www.gov.uk/tax-company-benefits/tax-on-company-cars) or contact your account manager for more information.

The above values are indicative and for illustration only. Calculations are based on a 48 month contract.

^ Paid through an adjustment in your tax code.

* 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.

** 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.

*v 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.

v* Earnings foregone is the cash alternative available for your grade less any trade down before tax and NI plus Gross salary reduction, if applicable.

v** 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).