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  • FIRST POST
    • Bowsa
    • By Bowsa 28th Apr 17, 5:05 PM
    • 30Posts
    • 1Thanks
    Bowsa
    Company Cars and Tax Codes
    • #1
    • 28th Apr 17, 5:05 PM
    Company Cars and Tax Codes 28th Apr 17 at 5:05 PM
    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
Page 1
    • Dazed and confused
    • By Dazed and confused 28th Apr 17, 5:33 PM
    • 1,868 Posts
    • 830 Thanks
    Dazed and confused
    • #2
    • 28th Apr 17, 5:33 PM
    • #2
    • 28th Apr 17, 5:33 PM
    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
    • By Bowsa 15th Sep 17, 9:34 AM
    • 30 Posts
    • 1 Thanks
    Bowsa
    • #3
    • 15th Sep 17, 9:34 AM
    • #3
    • 15th Sep 17, 9:34 AM
    Thank you for your reply and apologies for the late gratitude....I have sorted this now.
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