Company Car Tax Calculation

LEVC TX5 ICON 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 April2020/212021/222022/23
P11D value£52,944£52,944£52,944
Percentage charge3%4%5%
Benefit in kind£1,588£2,118£2,647
Tax payable at 20%£318£424£529
Tax payable at 40%£635£847£1,059

Fuel benefit tax

Tax year to 5th April2020/212021/22
P11D value£24,500£24,500
Percentage charge3%4%
Benefit in kind£735£980
Tax payable at 20%£147£196
Tax payable at 40%£294£392

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 (£)

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Tax Breakdown
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Assumptions used

Tax Components

On the road price including options£52,999
First-year VED£ 0
Manufacturers price date31-Mar-2020
Value for P11D excluding options£52,944
Taxable accessories£ 0
Non-taxable items £ 55
Capital contributions£ 0
Amount paid annually for private use of the car£ 0
Fuel type key letter A
Euro standard
Electric battery range 78.7miles

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 20 gpkm
Green label
Corporation tax 100% FYA
Fuel typeextended range electric
NCAP safety rating
Number of seats8
Bodystylesaloon
Transmissionautomatic
Fuel consumption (mpg) mpg– to 53.0
Number of doors4
Weighted Combined Fuel consumption (mpg) mpg313.9
Acceleration 0 to 6213.2s
Maximum speed80.0mph
Insurance group

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