Company Cars and Tax Codes

Bowsa · 28 April 2017 at 5:05PM

Hi All,

I have a company car, and it seems to be excessively affecting the tax code, which is in the 600's

now in my mind this means that I am losing 4k a year of free money? is that right or is it that I have 20% of 4k free and so £800 p/a i'm loising??

Essentially trying to find how much my car is and should be costing me

Dazed_and_confused · 28 April 2017 at 5:33PM

You are losing 4k of your personal tax allowance.

This will actually cost you anywhere from £0 to £1800 depending on how much income you have during the year.

£800 would be a common amount for a lot of people (basic rate tax).

Have you looked at how your actual tax code is made up on your personal tax account on gov.uk, this should show the car benefit in kind figure.

Bowsa · 15 September 2017 at 9:34AM

Thank you for your reply and apologies for the late gratitude....I have sorted this now.

Company Cars and Tax Codes

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