Company Car Tax Calculation

LEVC TX5 VISTA Comfort Plus 31kWh 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. Use our fuel benefit check tool to give you an indication of what this would look like.

Vehicle benefit tax

Tax year to 5th April2019/202020/212021/22
P11D value£59,644£59,644£59,644
Percentage charge16%5%5%
Benefit in kind£9,543£2,982£2,982
Tax payable at 20%£1,909£596£596
Tax payable at 40%£3,817£1,193£1,193

Fuel benefit tax

Tax year to 5th April2019/202020/21
P11D value£24,100£24,100
Percentage charge16%5%
Benefit in kind£3,856£1,205
Tax payable at 20%£771£241
Tax payable at 40%£1,542£482

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 (£)

£159.05per month
£1,908.61per 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
£9,543.04@ 20%£1,908.61
£ 0.00@ 40%£ 0.00
£ 0.00@ 45%£ 0.00
2019/20Income Tax on Company Vehicle Benefit
£9,543.04£1,908.61£-1,908.61
£ 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
£8,424.00@ 0%£0
£21,576.00@ 12%£2,589.12
£ 0.00@ 2%£ 0.00
2019/20NIC on Salary
£30,000.00£2,589.12£2,589.12
Total on payslips£22,002.27
Totals on P11D£9,543.04
Assumptions used

Tax Components

On the road price including options£59,699
First-year VED£ 0
Manufacturers price date01-Apr-2019
Value for P11D excluding options£59,644
Taxable accessories£ 0
Non-taxable items £ 55
Capital contributions£ 0
Amount paid annually for private use of the car£ 0

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 (gpkm) gpkm24
Green label
Corporation tax 100% FYA
Fuel typeextended range electric
Fuel type key letter A
NCAP safety rating
Number of seats8
Bodystylesaloon
Transmissionautomatic
Fuel consumption (mpg) mpg– to 53.0
Weighted Combined Fuel consumption (mpg) mpg313.9
Number of doors4
Acceleration 0 to 62 (s)s13.2
Maximum speed (mph)mph80.0
Insurance group