Company Car Tax Calculation

Fiat 500 Hatchback New (RED) Electric 24kW 93hp 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£25,440£25,440£25,440
Percentage charge1%2%2%
Benefit in kind£254£509£509
Tax payable at 20%£ 51£102£102
Tax payable at 40%£102£204£204

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£25,495
First-year VED£ 0
Manufacturers price date01-Oct-2021
Value for P11D excluding options£25,440
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 118miles

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 seats4
Fuel consumption (mpg) mpg– to 0.0
Number of doors3
Acceleration 0 to 629.5s
Maximum speed84.0mph
Insurance group14