Working out your companycar tax shouldn't be taxing – and our free tool is here to help! Try it out:
The company car tax calculator enables you to calculate costs of your company car as an employee. Select from the boxes below to understand the benefit in kind tax charges, running costs such as mpg and insurance group of the car you are interested in.You'll be taxed at your income tax rate on a percentage of the car's P11D value, which is the list price minus the first year's Vehicle Excise Duty and the registration fee.
Read moreElectric vehicles make the cheapest company cars, but diesels are more suited to high-mileage use, while plug-in hybrids tread the middle ground on tax but don't leave you with the range anxiety that fully electric cars can. Petrols tend to make the least sense. Read moreThe amount of company car tax that you pay depends on your earnings, plus the value of your car and how much CO2 it emits, while for plug-in hybrids the electric-only range is also a factor.
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