Company Car Tax Calculation

Fiat 500 Cabrio New ICON Electric 42kW 118hp 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 April2021/222022/232023/24
P11D value£31,430£31,430£31,430
Percentage charge1%2%2%
Benefit in kind£314£629£629
Tax payable at 20%£ 63£126£126
Tax payable at 40%£126£251£251

Fuel benefit tax

Tax year to 5th April2021/222022/23
P11D value£ 0£ 0
Percentage charge1%2%
Benefit in kind£ 0£ 0
Tax payable at 20%£ 0£ 0
Tax payable at 40%£ 0£ 0

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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£31,485
First-year VED£ 0
Manufacturers price date01-Jan-2022
Value for P11D excluding options£31,430
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 6d
Electric battery range 188miles

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 g/km
Maximum CO2 0 g/km
Green label


Corporation tax 100% FYA
Fuel typeelectric
NCAP safety rating
Number of seats4
Fuel consumption (mpg) mpg– to 0.0
Number of doors2
Acceleration 0 to 629.0s
Maximum speedmph
Insurance group20