Company Car Benefit

THIS CALCULATOR SHOWS THE TAX COST OF HAVING A COMPANY IN THE CURRENT TAX YEAR, 2008/2009.

The tax you pay is based on the CO2 emissions of the car. This calculator shows the tax you should pay in most cases. There are more complex rules for cars powered by other fuels or where there is no engine capacity and for cars registered prior to 5 April 1998.

Previous Calculators
Click here for Car Benefit for tax years 2006/7 and 2007/8
Click here for Car Benefit up to 5 April 2006

1.
Enter list price of the car & the cost of any optional extras. list price £
extras £

2.

Enter the amount of any contribution made to the cost of the car plus any amount paid to the employer over the whole year for private use.
contribution to cost £
amount paid for private use £
3. Choose the level of CO2 emissions that applies and indicate the type of fuel the engine uses.
4. Choose the type of fuel the engine uses.
5. Choose your highest rate of tax

The annual benefit on the car will be £0

There will be no tax to pay.

 
   
 
Click here for more information on
i. How is the car benefit calculated?
ii. Tips on car benefit


Whilst every effort has been made to ensure that the articles on MSN Money Tax Advice provide accurate and expert guidance, it is impossible to predict all the circumstances in which this information may be used. Accordingly, neither the publisher, author, MSN or Tax Buddies Limited shall be liable to any person or entity with respect to any loss or damage caused or alleged to be caused by the information contained in or omitted from articles on MSN Money Tax Advice. The law stated is that of England and Wales except where indicated otherwise.