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£25,215£25,215£25,215
Percentage charge0%1%2%
Benefit in kind£ 0£252£504
Tax payable at 20%£ 0£ 50£101
Tax payable at 40%£ 0£101£202

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

View effect on net pay

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

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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£25,270
First-year VED£ 0
Manufacturers price date01-Oct-2020
Value for P11D excluding options£25,215
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 75.0miles

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
Maximum CO2 0 gpkm
Green label
Corporation tax 100% FYA
Fuel typeelectric
NCAP safety rating
Number of seats2
Fuel consumption (mpg) mpg– to 0.0
Number of doors2
Acceleration 0 to 6211.9s
Maximum speed81.0mph
Insurance group