Company Car Tax Calculation

Hyundai KONA Electric 100kW Premium 39kWh 136PS Auto

A company car driver can expect to pay vehicle benefit tax If the company pays for the use of fuel on private journeys, tax on fuel benefit will also be applied.

Vehicle benefit tax

Tax year to 5th April2019/202020/212021/22
P11D value£32,165£32,165£32,165
Percentage charge16%0%1%
Benefit in kind£5,146£ 0£322
Tax payable at 20%£1,029£ 0£ 64
Tax payable at 40%£2,059£ 0£129

Fuel benefit tax

Tax year to 5th April2019/202020/21
P11D value£ 0£ 0
Percentage charge16%0%
Benefit in kind£ 0£ 0
Tax payable at 20%£ 0£ 0
Tax payable at 40%£ 0£ 0

View effect on net pay

What will my income tax be with a company car? How will a company car affect my net pay?

What are your earnings and contributions?

Earnings

Contributions

Additional tax arising from use of the vehicle (£)

£ 85.77per month
£1,029.28per year
Tax Breakdown
Rotate your phone to view breakdowns
Forecast (2019/20) income (£) Rate Due (£) Effect (£)
2019/20Salary£+30,000.00
£12,500.00@ 0%£ 0.00
£17,500.00@ 20%£3,500.00
£ 0.00@ 40%£ 0.00
£ 0.00@ 45%£ 0.00
2019/20Income Tax on Salary
£30,000.00£3,500.00£-3,500.00
£ 0.00@ 0%£ 0.00
£5,146.40@ 20%£1,029.28
£ 0.00@ 40%£ 0.00
£ 0.00@ 45%£ 0.00
2019/20Income Tax on Company Vehicle Benefit
£5,146.40£1,029.28£-1,029.28
£ 0.00@ 0%£ 0.00
£ 0.00@ 20%£ 0.00
£ 0.00@ 40%£ 0.00
£ 0.00@ 45%£ 0.00
2019/20Income Tax on Private Fuel Benefit
£ 0.00£ 0.00£- 0.00
£8,632.00@ 0%£0
£21,368.00@ 12%£2,564.16
£ 0.00@ 2%£ 0.00
2019/20NIC on Salary
£30,000.00£2,564.16£2,564.16
Total on payslips£22,906.56
Totals on P11D£5,146.40
Assumptions used

Tax Components

On the road price including options£32,220
First-year VED£ 0
Manufacturers price date03-May-2019
Value for P11D excluding options£32,165
Taxable accessories£ 0
Non-taxable items £ 55
Capital contributions£ 0
Amount paid annually for private use of the car£ 0
Fuel type key letter E
Euro standard
Electric battery range 174.0miles

The base data has been taken from the manufacturer and applied to the latest tax information. Errors or changes could arise. Send a Calculation Enquiry if there is something you don't understand or think might be incorrect. Please see the full Terms and Conditions.

Vehicle Details

CO2 emission 0 gpkm
Green label
Corporation tax 100% FYA
Fuel typeelectric
NCAP safety rating
Number of seats5
BodystyleSUV
Transmissionautomatic
Fuel consumption (mpg) mpg– to 0.0
Number of doors5
Acceleration 0 to 629.7s
Maximum speed96.0mph
Insurance group23

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