You may also be interested in…
Personal vs. Business Leasing
If your small business is currently leasing company cars via personal leases, you could be missing out on potential tax savings.
Fuel Cost Comparator
Compare charging costs for electric vehicles compared with fuel costs for a range of equivalent petrol and diesel vehicles.
Customer Service
With every single one of our customers receiving a dedicated account manager, we're committed to identifying and delivering the right solutions to make your life easier.
A refreshed experience will launch soon, giving a clearer view of who we are and where we are heading.
Having a company car is viewed as a taxable benefit. If your vehicle is leased by the business you work for, you will be liable for paying company car tax, also known as Benefit-in-Kind (BiK) tax.
Factors like CO2 emissions and fuel type – petrol, diesel, hybrid or electric – will determine your vehicle’s BiK percentage banding.
In addition, the P11D value of your company car will affect the amount you are taxed. This takes the manufacturer’s on-the-road price* including any options fitted and VAT and excludes first-year vehicle excise duty and the first registration fee.
To calculate your BiK tax, you should multiply the P11D value of your vehicle by its BiK percentage and then multiply that figure by your personal tax rate.
For a fast and easy guide to how much you might pay – use our company car tax calculator below:
* If your vehicle receives a government plug-in grant this should not be subtracted from the on-the-road price.
Available 9am – 5pm Monday to Friday, excluding public holidays.
Fill in the contact request form and we’ll get back to you as soon as possible.