Company Car Tax Information & Advice

1. What is the organization car tax?

If your company gives you a car to use for both company and personal use, then you have to pay a tax in accordance with the use of the car. If you generate more than £8,500 per season and have use of a car, then you have to pay the tax on it. There is also an extra tax if you get 100 % free or sponsored energy for your personal use of the car.

2. What is the Company Car Tax calculator?

The organization car tax finance calculator allows you to determine the advantage in kind value of the organization car and the car energy advantage. This finance calculator provides you with the quantity of tax you are accountable for due to using the car for your personal use.

3. What is the tax on the organization car centered on?

The tax you pay on the organization car relies on several aspects. These include:

    The retail cost of the car and if it has any accessories
    The accepted Co2 exhaust books of the car
    The quantity of energy the car uses
    Whether or not you pay a group sum for the car
    Whether you have to create any expenses to the organization for the personal use of the car
    The aspect of the season that it was available for your personal use
    The regular amount of taxes is between 15% and 35% of the retail cost of the car. It will never surpass 35%.


4. If I only use the car for company, do I still have to pay the tax?

If you only use the car for company reasons, you won't have to pay any tax. This contains generating to fulfill customers. Provided that you don't use the organization car for your own personal use, you will not have to pay any tax.

5. How can I confirm that I don't use the organization car for personal use?

Your company is the one that is accountable for the documentation on the organization car. However, you do have to keep precise usage information and you may have to indication an contract that you will only use the car for organization company. The use of the car map also be aspect of your contract of career with the organization and the kind of use will be predetermined in the contract.

6. Are there unique rules for impaired workers with a organization car?

Yes there are unique rules in position with regard to a impaired worker who needs to have a car with an automated gearbox. In this situation, you would have to use the Co2 pollutants cost that is nearest to the guide comparative. Some of the devices used in the car may also be tax-deductible, such as that which is used completely by a impaired individual or devices involved so that an worker with a impairment logo can use the car.