Car Tax Calculator (rated 8/10 by The Times)

Calculator last updated April 2008

Try our exclusive on-line car tax calculator to answer the following questions:

  • How much will a company car cost you in tax? Click on my tax cost
  • What additional salary is needed to compensate you for not having a company car? Click on company car or cash?
  • As a director/shareholder of a limited company, should you run your car through the company or personally - and charge the company for its business use? Click on to own or not to own?

Simply key in some basic information (we give you prompts and guides along the way) to work out the best route for you.

Car Tax CalculatorMy tax cost

Q1. What is the taxable benefit and tax payable on the provision of a company car by my employer?

Emissions rating (CO2g/km)

This is the new Carbon Dioxide exhaust scoring system introduced by HM Government to favour more environmentally friendly vehicles. In most cases, cars manufactured from 1st Jan 1998 have a published emissions rating, which you will need for us to calculate your solution correctly. If you do not have this information you may obtain it free of charge from the Vehicle Certification Agency.

Manufacturer's list price:

This is not the amount the car cost to buy. You are taxed on the manufacturer's published price (before discount) of the car at the time of sale. The list price includes VAT, car tax, delivery charges, the published price of any manufacturer's optional extras and the cost of non-manufacturer accessories (unless purchased at a later date at a cost of under £100). If you have made a contribution to your employer towards the cost of the car deduct this amount up to a maximum of £5,000

Registration date:

The date of first registration of the car as per your vehicle registration document ("log book") V5.

Engine Size:

The cubic capacity of the engine contained within your vehicle.

You should include here all of the annual costs of running the car for example servicing and repair bills, insurance, MOT, road fund licence but excluding money spent on petrol. All expenses should include VAT where applicable.

Diesel or petrol

Does your car meet Euro IV emissions standards?

Your diesel car's taxable benefit may be lower if it meets Euro IV emission standards.

Business mileage:

Private mileage:

Please enter your anticipated annual business and private mileage. The Inland Revenue usually consider that travel between your home and your employers' place of business is private mileage.

Is fuel provided for private use?

Your diesel car's taxable benefit may be lower if it meets Euro IV emission standards.If your employer pays for, or reimburses you for, the cost of fuel used for private purposes you should click on "Yes". This is the case even if private mileage has been funded by your employer only on odd occasions. You should click on "No" only if no private use fuel is provided or if you are required to, and have, made good the cost of fuel for your own motoring.

Are you a basic or higher rate taxpayer? (%)

Please click on the rate of tax which you normally pay on your taxable income. If you are a basic rate taxpayer that is currently 20%. If you are a higher rate taxpayer the current rate is 40%. If you are very close to becoming a higher rate taxpayer because of the level of your income (before car benefits) you should click on higher rate.

HLB Vantis International
Investor In People