Company Car Tax Calculation

smart EQ fortwo cabrio New prime exclusive 60kW Auto 17.6kWh

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 April2020/212021/222022/23
P11D value£25,015£25,015£25,015
Percentage charge0%1%2%
Benefit in kind£ 0£250£500
Tax payable at 20%£ 0£ 50£100
Tax payable at 40%£ 0£100£200

Fuel benefit tax

Tax year to 5th April2020/212021/22
P11D value£ 0£ 0
Percentage charge0%1%
Benefit in kind£ 0£ 0
Tax payable at 20%£ 0£ 0
Tax payable at 40%£ 0£ 0

Effect on net pay not available with negative BIK

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 (£)

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Tax Breakdown
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Assumptions used

Tax Components

On the road price including options£25,070
First-year VED£ 0
Manufacturers price date31-Mar-2020
Value for P11D excluding options£25,015
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 82.0miles

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 seats2
Bodystylecabriolet
Transmissionautomatic
Fuel consumption (mpg) mpg– to 0.0
Number of doors2
Acceleration 0 to 6211.9s
Maximum speed81.0mph
Insurance group

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