HMRC has come up with a convenient company car and car fuel benefit calculator, which helps you to calculate the “benefit in kind” of your business vehicle for tax purposes. Please find the link below.
Tax on a company car is based on the P11D value of the vehicle, your personal tax band and the CO2 emissions of your chosen vehicle.
The P11D value of a car will generally be the manufacturer’s list price including VAT, number plates and delivery charges, excluding any options which cost less than £100 and were fitted after the car was first made available to you.
Company Car and Car Fuel Benefit Calculator
Click on the link below to access the HMRC Company Car and Car Fuel Benefit Calculator: