Company car tax calculator

1. Choose an operating cycle

2. Choose a car

Car Tax Calculator

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3. Compare another car

Car Tax Calculator

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Employee's Costs:

List price (P11D)*
£36,440
CO2
0g/km
BIK percentage charge
2%
Benefit in kind (2024-25)
£729
England
Tax payable at 20%
£146
Tax payable at 40%
£292
Scotland
Tax payable at 19%
£138
Tax payable at 20%
£146
Tax payable at 21%
£153
Tax payable at 41%
£299
Tax payable at 46%
£335

Employer's Costs:

List price (P11D)*
£36,440
VED
£0
Class 1A NIC
£101
Running cost**
41.09p per mile
- Depreciation
30.03p per mile
- SMR costs
3.55p per mile
- Fuel cost
7.51p per mile
Total running cost**
£32,869 per cycle
Residual value
£12,475

* P11D includes basic list price, delivery and VAT

** Does not include Class 1A NIC, VED or insurance

All tax figures are based on current tax year




Solera cap hpi logo

Data supplied by CAP. Last updated March 2024

 

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View the current and previous BIK tax bands

'What's my car's mpg?'

The Fleet News car tax calculator enables you to calculate the company car tax costs for both the employer and the employee.

By using the drop down menus you can refine your search down to the exact model, derivative and replacement cycle to gain an accurate view of a company car’s tax costs. You can also compare another car by using the second calculator alongside.

The car tax calculator shows the tax payable at 20% and 40% that the employee will pay as well as a breakdown of the employer’s costs including total running cost of the cycle and per mile.

The P11D value is the list price of the vehicle plus VAT and delivery charges where applicable.

The residual value of the vehicle is an estimate only and should only be used as a guide.

Note: Employees who have the option of a cash allowance or company car will pay tax on the higher of the benefit on the car or the cash allowance amount.