Company Car Tax Calculation

Tesla Model X Long Range AWD 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£87,045£87,045£87,045
Percentage charge16%0%1%
Benefit in kind£13,927£ 0£870
Tax payable at 20%£2,785£ 0£174
Tax payable at 40%£5,571£ 0£348

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 (£)

£232.12per month
£2,785.44per 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
£13,927.20@ 20%£2,785.44
£ 0.00@ 40%£ 0.00
£ 0.00@ 45%£ 0.00
2019/20Income Tax on Company Vehicle Benefit
£13,927.20£2,785.44£-2,785.44
£ 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£21,150.40
Before deducting payments for private use of£ 0.00
Totals on P11D£13,927.20
Assumptions used

Tax Components

On the road price including options£87,100
First-year VED£ 0
Manufacturers price date09-Oct-2019
Value for P11D excluding options£87,045
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 315.0miles

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 seats7
BodystyleSUV
Transmissionautomatic
Fuel consumption (mpg) mpg– to 0.0
Number of doors5
Acceleration 0 to 624.4s
Maximum speed155.0mph
Insurance group50

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