Company Car Tax Calculator
Benefit In Kind Explained By My Electric Lease
If you are looking for a company car, now is a great time to consider the transition to leasing fully electric with My Electric Lease. With BIK rates confirmed up to the 2027/28 tax year, you can work out exactly what your tax liability will be for the duration of your next lease. Use our calculator below to find your next electric lease.
Company Car Tax Explained
Company car tax is a tax paid by employees who receive a company car for personal use as part of their employment package. The tax is based on the car's value, CO2 emissions, and fuel type, and is calculated as a percentage of the car's value. Low-emission and electric cars are generally subject to lower tax rates or exemptions to encourage their use. The tax is deducted from the employee's salary each month as a benefit-in-kind tax.
Use the search below, scroll down to the FAQ's or call us on 01995 642440.
Company Car Tax Calculator
Use our company car tax calculator below to work out your company car tax amount.
Use the options above to select a vehicle and calculate the tax.
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BYD Seal 6
4 Variants Available
From
£166.42 pm exc VAT
24 months, 5,000 miles per annum
Renault 4
5 Variants Available
From
£168.82 pm exc VAT
24 months, 5,000 miles per annum
Dacia Spring
3 Variants Available
From
£190.28 pm exc VAT
48 months, 6,000 miles per annum
Nissan Micra
4 Variants Available
From
£200.10 pm exc VAT
48 months, 6,000 miles per annum
MG Motor UK HS
2 Variants Available
From
£202.36 pm exc VAT
24 months, 5,000 miles per annum
Vauxhall Frontera
9 Variants Available
From
£206.06 pm exc VAT
48 months, 5,000 miles per annum
Hyundai Inster
4 Variants Available
From
£209.33 pm exc VAT
48 months, 5,000 miles per annum
Citroen C3
2 Variants Available
From
£209.81 pm exc VAT
48 months, 5,000 miles per annum
Chery Tiggo 8
2 Variants Available
From
£212.71 pm exc VAT
24 months, 5,000 miles per annum
Citroen C3 Aircross
2 Variants Available
From
£214.74 pm exc VAT
48 months, 5,000 miles per annum
Renault 5
3 Variants Available
From
£216.21 pm exc VAT
48 months, 6,000 miles per annum
Toyota Urban Cruiser
4 Variants Available
From
£216.33 pm exc VAT
36 months, 5,000 miles per annum
Jaecoo 5
2 Variants Available
From
£217.14 pm exc VAT
48 months, 5,000 miles per annum
BYD Dolphin Surf
3 Variants Available
From
£222.91 pm exc VAT
48 months, 5,000 miles per annum
Citroen e-C3 Aircross
1 Variant Available
From
£225.84 pm exc VAT
48 months, 5,000 miles per annum
Volvo EX30
8 Variants Available
From
£226.85 pm exc VAT
24 months, 5 miles per annum
Omoda 7
2 Variants Available
From
£227.61 pm exc VAT
36 months, 5,000 miles per annum
Volkswagen ID.7
23 Variants Available
From
£228.25 pm exc VAT
24 months, 5,000 miles per annum
Leapmotor T03
1 Variant Available
From
£231.29 pm exc VAT
48 months, 6,000 miles per annum
BYD Sealion 5
2 Variants Available
From
£232.92 pm exc VAT
48 months, 5,000 miles per annum
Cupra Formentor
5 Variants Available
From
£233.73 pm exc VAT
24 months, 5,000 miles per annum
Toyota Prius
2 Variants Available
From
£234.02 pm exc VAT
36 months, 5,000 miles per annum
Jaecoo 7
2 Variants Available
From
£236.30 pm exc VAT
24 months, 5,000 miles per annum
Cupra Terramar
5 Variants Available
From
£236.85 pm exc VAT
24 months, 5,000 miles per annum
Company Car Tax FAQs
Here are some common questions about company car tax and bik (benefit in kind).
Company car tax is calculated as a percentage of the car's value which also considers how eco-friendly the car is based on its emissions and fuel type. our income tax band also plays a role in the final amount. This tax is typically deducted from your monthly paycheck. Explore various BIK rates using our company car tax calculator above.
A benefit in kind refers to a non-cash benefit that an employee receives from their employer as part of their remuneration package – i.e. The private use of a company vehicle.
P11D value is the total value of all taxable benefits that an employer provides to their employees during a tax year. This includes items such as company cars, health insurance, and other non-cash benefits. The P11D value is used to calculate the amount of income tax and National Insurance contributions that an employee must pay on these benefits.
In general, if you have a higher-value car with higher CO2 emissions, you will be required to pay more tax. However, if you have a low-emission or electric car, you may be eligible for tax savings or exemptions.
The fuel type of a company car can have a significant impact on the amount of company car tax that an employee is required to pay.
In the UK, the company car tax system is designed to incentivise the use of low-emission or electric cars by offering tax savings or exemptions for these types of vehicles. Therefore, if you have a low-emission or electric car, you may be eligible for lower company car tax rates or exemptions.
In the UK, company car tax rates are based on income tax bands, which means that if you have a higher personal tax rate, you will generally be required to pay a higher percentage of the car's value as company car tax. It's important to note that the amount of company car tax you pay also depends on other factors, such as the car's value, CO2 emissions, and fuel type. Therefore, it's important to use a company car tax calculator and seek advice from a tax professional to accurately determine the amount of company car tax that you are required to pay based on your personal tax rate and other factors.
The tax is calculated as a percentage of the car's value, and the percentage varies based on the car's emissions and fuel type. The employee's personal tax rate is also taken into account when calculating the tax, and the tax is usually deducted from the employee's salary each month. Use our calculator to get an idea of the different BIK rates.
Yes, electric cars generally have cheaper company car tax compared to traditional petrol or diesel cars. In the UK, the company car tax system is designed to encourage the use of low-emission and electric cars by offering tax savings or exemptions for these types of vehicles.
All information provided is for general guidance only. Although every effort has been made to ensure that it is accurate, U.K.Carline Limited cannot accept any liability whatsoever for any inaccuracies contained within it, for any loss or damage, directly or indirectly, which may have been suffered as a result of using the information provided, whether arising in contract, a wrongful act or an infringement of a right or any other way. Company car tax rates are used as they may be known for the next one or two years, PAYE and NI thresholds can alter every year. You should always obtain independent advice from your own professional advisors prior to making a decision.
U.K.Carline Limited will accept no liability for vehicles that do not achieve a claimed range for electric vehicles.
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