company car tax calculations www.comcar.co.uk

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As a minimum you need to fill in the amounts of the monthly allowance and PCP. Detailed figures for AMAPS, Insurance and Servicing are important. You can play with the figures to see how sensitive the decision is.

Your Details
Monthly Allowance Over how many months do you want to run the comparison?
Monthly PCP/PCH Payment
Annual Private Mileage When would you like the contract to begin?
Annual Business Mileage
At what rate do you pay tax? 20% 40%
Does your employer pay for private fuel use? Yes No
Driver's view
Company car overall cost £0   Personal allowance
remaining unspent		 (£356)

Car benefit

£0

Company Car Tax £0

Fuel benefit & cost

£0

Fuel benefit Tax £0
Private fuel cost £0

Personal contributions

£0

Capital contribution £0 
Regular contributions over 36 months £0 

Finance details

£0

Allowance total (£0)
Tax on allowance £0 
National Insurance £0 
PCP payment total £0 

Fuel

£3,069

Cost of private fuel £1,534
Cost of business fuel £1,534

Business mileage reimbursement (AMAPS)

(£6,750)

First 10,000 miles rate p
Over 10,000 miles rate p
Total Reimbursement over 36 months (£6,750)

Mileage allowance relief

£0

To be claimed where the employer pays less than the AMAP rates.
First 10,000 miles
Mileage x 45p-45p x 20% £0 
Over 10,000 miles
Mileage x 25p-25p x 20% £0 
Sub-totals
Annual tax relief (£0)
Total for period (£0)

Insurance

£1,925

Annual Insurance fee £
Insurance total over 36 months £1,725 
Allowance for non-insured damage £

Service and Maintenance

£1,340

Service and maintenance  
    fixed cost per annum £
    over 36 months £600 
Service and tyres additional variable element per mile p
    over 30000 miles £600 
Other supplies over 36 months not covered by maintenance contract £
Breakdown & Recovery per annum £
    over 36 months £120 

Road Tax and MOT

£60

VED July 2014 £30 
VED July 2015 £30 
MOT/year after 3 years £0 
Employer's view
Based on above
company car option		 £5,916  Based on above
cash option		 £6,494 

Contract Hire

£0

Initial deposit (net) x
Monthly deposit (net) x
Subtotal of payments £0 
Non-reclaimable element of VAT @ 10 % £0 

Fuel costs

£2,813

Business fuel (net) £1,279  
Private fuel £1,534  

Class 1A Nic

£0

Car benefit £0 
Fuel benefit £0 

Personal contributions

(£0)

Capital contribution £0 
Regular contributions over 36 months £0 

Insurance

£1,925

Annual Insurance fee £
Insurance total over 36 months £1,725 
Allowance for non-insured damage £

Service and Maintenance

£1,118

Service and maintenance  
    fixed cost per annum £
    over 36 months (net) £500 
Service and tyres additional variable element per mile p
    over 30000 miles (net) £501 
Other supplies over 36 months not covered by maintenance contract £
Breakdown & Recovery per annum £
    over 36 months (net) £100 

Road Tax and MOT

£60

VED July 2014 £30 
VED July 2015 £30 
MOT/year after 3 years £0 

Allowance

£0

Allowance per month £0 
Total over 36 months £0 

E'ers NIC on Allowance

£0

Fuel

£1,279 

Cost of private fuel £0
Cost of business fuel (net) £1,279

Additional mileage reimbursement

£5,216 

First 10,000 miles
5000 x 45p £2,250
Over 10,000 miles
0 x 25p £0
Total Reimbursement over 36 months £6,750
Less: Gross costs of Business fuel (£1,534)

E'ers NIC on mileage reimbursement

£0 

First 10,000 miles
5000 x (45p - 45p) 0
Over 10,000 miles
0 x (25p - 25p) 0

Assumptions

  • Where tax rates for future years have not been announced, the latest current rates have been used, rather than estimates of future increases.
  • The Employer is VAT registered
  • NICs are based on standard rates for those in non-contracted out employment. (Table letter A)