From 06 April 2020, all official CO2 data for new cars is derived from the WLTP test cycle. Site currently being updated. Find out more >>

VOLVO XC40 PHEV T5 Hybrid R-Design 1.5 262hp Automatic Add to compare

VOLVO XC40 PHEV tax calculator 2020/21
  • OTR £40,905
    incl. OLEV grant
  • Plug-in Petrol Hybrid, SUV, SUV
  • 1477cc (1.5 litre), , 5 door
CO2
48
48-55
WLTP
Band
1-50
TO
51-75
WLTP
BIK Y1
12% 12-14%
2020/21

Tax calculators

Car Tax (VED)
Car registered
from April 2020
(WLTP)
First year rate
2020/21
£0
Standard rate
2020/21
£140
Premium rate
2020/21
£465
Company car tax calculator
Cars registered from April 2020 (WLTP)
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    Employees can contribute up to £5000 towards the cost of buying a company car. This decreases the taxable value of the car (P11D) by the amount contributed.
Tax year 2020/21 2021/22 2022/23
P11D Price £40,850
BIK Rate 12%
(12-14%)
13%
(13-15%)
14%
(14-16%)
BIK Value £4,902
(£4,902-£5,719)
£5,311
(£5,311-£6,128)
£5,719
(£5,719-£6,536)
Tax £980
(£980-£1,144)
£1,062
(£1,062-£1,226)
£1,144
(£1,144-£1,307)
NOTE: Above BIK value and Tax costs are estimates only and precise values will depend on the final specification of each model. The main value is based on the base model, with no options applied affecting either cost or CO2 emissions. Figures in brackets are based on the lowest and highest CO2 emissions attributable to the model with options fitted. However, these are calculated against the base model’s P11D value, so may not exactly match a car fitted with certain optional extras.

Using the VOLVO XC40 PHEV tax calculator

The VOLVO XC40 PHEV tax calculator shows the Car Tax (VED) payable for the selected model for the 2020/21 tax year. The BIK calculator shows the amount of company car tax payable for the VOLVO XC40 PHEV model taking into account any capital contributions and selected income tax rate. Figures are shown for the next three tax years.

To understand more about BIK rates and how tax is calculated visit the main company car tax page or the car tax page. To compare company car tax across more than one model go to the company car tax calculator.

VOLVO XC40 PHEV BIK calculator 2020/21
Chris Lilly

Author:Chris Lilly
Date Updated:10th Aug 2020