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C02 Data & Benefit in kind Tax Calculator
An important part of choosing the company car that's right for you is knowing how much it will cost you in Benefit in Kind tax.
Whilst being provided with a company car is always going to be the cheapest way for you to drive a modern, well maintained vehicle, it makes good sense to select a car that fulfils your needs, yet keeps the amount you pay in tax, as low as possible.
The company car tax system and the amount you pay is based upon the retail price of the car (plus any extras) and the C02 emissions the car produces. Ideally, to save money, you need a car with the lowest C02 emissions and the lowest retail price
There is a sliding scale based upon the C02 emissions on the Vehicle Certification Agency website which will help you find out what emissions your current car produces and what the car you are considering produces.
Once you know the C02 rating, you can then go to the Company Car and Car Fuel Benefit Calculator and you can easily calculate the amount your new car will cost you.
If you need any information or help in doing that, please do not hesitate to contact us and tell us the car in which you are interested and we will get straight back to you with all the information, including how much tax you will have to pay. |