Company car tax calculator

Company car tax calculator

Use the company car tax calculator to view the BIK rates and tax payable for a specific make or model during the period 2019 - 2022. All tax rates shown reflect changes announced in Budget 2018. Select the 'Used' button if your car is not currently available to purchase as a new model.

Important update: BIK rates 2021-2022

For the first time, the UK Government has failed to pre-announce company car BIK rates for at least three years in advance. While BIK rates have been announced for financial years 2019-2020 and 2020-2021, the rates for 2021-2022 are not currently known. Next Green Car has therefore made the assumption that the BIK rates for 2020-2021 will continue unchanged in the period 2021-2022. See BIK rates 2019-2022 for more information.

Select cars for company car tax calculation

Select car 1
- cc (0 litre) -
OTR: £0
Select car 2
- cc (0 litre) -
OTR: £0

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Understanding UK company car tax

Company car tax rules have been designed to encourage company car drivers to choose cars with lower levels of CO2 and (from April 2018) NOx emissions; incentives are offered both to the company and to the recipient of the vehicle to select low emission vehicles.

Under the current system, company and employee company car tax are both based on a percentage of the official value of the car (called the 'P11D'), the percentage being primarily determined by the car's CO2 emissions. For the employee, the Benefit-in-Kind (BIK) is then taxed at the appropriate personal tax rate - usually collected through PAYE.

Company car tax payable by an employee is based on the vehicle's P11D value multiplied by the appropriate BIK rate (determined by the car's CO2 and fuel type) and the employee's income tax rate (basic rate of 20%, higher rate of 40% or additional rate of 45%).

Learn more about BIK rates and company car tax

company car tax calculator 2019
Chris Lilly

Author:Chris Lilly
Date Updated:25th Mar 2019

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