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Find out the benefit in kind tax on company cars based on CO2 emissions, fuel type and list price. Use the form to select a new or older car, or enter simple details to calculate tax.
- Overview
- Work out taxable value
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As an employer, if you provide company cars or fuel for your employees’ private use, you’ll need to work out the taxable value so you can report this to HM Revenue and Customs (HMRC).
‘Private use’ includes employees’ journeys between home and work, unless they’re travelling to a temporary place of work.
Find out about tax on company cars if you’re an employee.
This guide is also available in Welsh (Cymraeg).
Using the HMRC calculator
Choose fuel type ‘F’ for diesel cars that meet the Euro 6d standard (also known as Real Driving Emissions 2). Choose type ‘D’ for other diesel cars. Choose type ‘A’ for all other cars. You can check a car’s CO2 emissions. For electric cars and other cars with an approved CO2 emissions figure of 75g/km or less, answer ‘no’ to the question ‘is the car provided via an optional remuneration arrangement?’. If your car has an approved CO2 emissions figure of 1 to 50g/km, you’ll also need to fill in the box for ‘zero emission mileage’ (also known as electric range). This is the distance the car can go on electric power before its batteries need recharging. You can get your zero emission mileage figure from: your vehicle’s certificate of conformity, if you own the car the leasing company or fleet provider, if you lease the car
Work out the value manually
You can also work out the value manually on P11D working sheet 2.
Taxable value of cars
The taxable value of a car is not the same as its cost. The taxable value also depends on: the car’s fuel type and level of CO2 emissions the amount of time the car is unavailable during the tax year (for example, because of a mechanical fault)
Learn how to work out the taxable value of company cars and fuel for private use, and report it to HMRC. Use the HMRC calculator or do it manually on P11D working sheet 2.
Calculate the company car tax and fuel benefit charge on your income based on the P11D value and BIK rate of your vehicle. Compare with a cash allowance and adjust for capital contribution, fuel type, pension and student loan deductions.
Calculate your company car tax for the next three years with this easy-to-use tool. See the tax payable at 20% and 40% rates, the effect on your take home pay, the fuel tax and the car details.
Calculate the costs of your company car as an employee with this tool. Select a car model and enter your personal details to see the benefit in kind tax charges, running costs and more.
Find out how much tax you'll pay if you or your family use a company car privately. Use HMRC's company car and fuel benefit calculator to estimate your tax liability.
People also ask
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Calculate the company car benefit and tax (BIK) on a company car based on its list price, CO2 emissions and personal contributions. Find out the tax rules, special rates and options for electric, diesel, hybrid and gas cars.
