Need to calculate the taxable value of a company car? Enter the car’s details, including fuel type, CO2 emissions, and usage, and our Advanced HMRC Car Benefit Calculator will help you determine the taxable benefit for your employees and also the employee’s tax on company car.
Advanced HMRC Car Benefit CalculatorHMRC APPROVED
£
g/km
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Annual Tax
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Monthly Tax
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P11D Value
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CO2 Impact
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* Calculations based on HMRC guidelines for company car tax.
Diesel supplement included. Electric vehicles use 0g/km base rate.
Sources: HMRC Official Website, Comcar Calculations
Diesel supplement included. Electric vehicles use 0g/km base rate.
Sources: HMRC Official Website, Comcar Calculations
Advanced HMRC Car Benefit Calculator Tabular Info
| Part | Description |
|---|---|
| Car Details | The make, model, and year of the car. |
| Fuel Type | The type of fuel the car uses (e.g., petrol, diesel, electric). |
| CO2 Emissions | The car’s CO2 emissions in grams per kilometer (g/km). |
| Usage | The percentage of private use versus business use. |
| Benefit Value | The taxable benefit value based on the car’s details and usage. |
| Formula | Benefit Value = (Car Value × CO2 Emissions Factor) × Usage Percentage |
| Purpose | Helps you calculate the taxable benefit value of a company car, ensuring compliance with HMRC regulations. |