Tax on company benefits
Tax on company cars
You바카라 사이트™ll pay tax if you or your family use a company car privately, including for commuting.
You pay tax on the value to you of the company car, which depends on things like how much it would cost to buy and the type of fuel it uses.
This value of the car is reduced if:
- you have it part-time
- you pay something towards its cost
- it has low CO2 emissions
If your employer pays for fuel you use for personal journeys, you바카라 사이트™ll pay tax on this separately.
If you drive a hybrid
If your company car has CO2 emissions of 1 to 50g/km, the value of the car is based on its zero emission mileage figure, or 바카라 사이트˜electric range바카라 사이트™. This is the distance the car can go on electric power before its batteries need recharging.
Contact your employer to find out your car바카라 사이트™s zero emission mileage figure.
Check or update your company car tax
Tell HM Revenue and Customs (HMRC) if your car or fuel details change. You can check or update your company car tax online, for example if:
- you get a company car or give one back
- your employer starts or stops paying for fuel for you to use personally
If a change affects the value of the car, HMRC will update your tax code so you pay the right tax.
Estimating the tax you바카라 사이트™ll pay
You can see how much tax you might pay with HMRC바카라 사이트™s company car and fuel benefit calculator.
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