Company Car Tax Calculation

Mercedes-Benz EQC New EQC 400 AMG Line 408hp 300kW 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£67,580£67,580£67,580
Percentage charge16%2%2%
Benefit in kind£10,813£1,352£1,352
Tax payable at 20%£2,163£270£270
Tax payable at 40%£4,325£541£541

Fuel benefit tax

Tax year to 5th April2019/202020/21
P11D value£ 0£ 0
Percentage charge16%2%
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 (£)

£180.21per month
£2,162.56per year
Tax Breakdown
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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
£10,812.80@ 20%£2,162.56
£ 0.00@ 40%£ 0.00
£ 0.00@ 45%£ 0.00
2019/20Income Tax on Company Vehicle Benefit
£10,812.80£2,162.56£-2,162.56
£ 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£21,748.32
Totals on P11D£10,812.80
Assumptions used

Tax Components

On the road price including options£67,635
First-year VED£ 0
Manufacturers price date10-May-2019
Value for P11D excluding options£67,580
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) gpkm0
Green label
Corporation tax 100% FYA
Fuel typeelectric
Fuel type key letter E
NCAP safety rating
Number of seats5
BodystyleSUV
Transmissionautomatic
Fuel consumption (mpg) mpg– to 0.0
Number of doors5
Acceleration 0 to 62 (s)s5.1
Maximum speed (mph)mph112.0
Insurance group