Company Car Calculator

bored_of_debt

Can anyone direct me to a user friendly company car calculator?

Does a company car or company car cash allowance contribute to your anual tax level / threshold?

Thanks

markelock

if you take cash, it will be taxed, effectively add it on to your salary.

personally I take the cash, the faffing around with tax etc is something I can't bring myself to deal with.

also worth bearing in mind you are taxed on the list price of a car, which can be much higher than the actual price of the car if you bought it privately.

PasturesNew

Here's one I have bookmarked:

http://www.whatcar.com/company-car-tax.aspx?MA=11&MV=25553&ED=48637

Just pick the relevant car

bored_of_debt

Thanks, so looking at the example given (punto), would i be paying £252 per month tax?!

markelock

It's for the year, not the month.

bored_of_debt

That's not too bad then, providing I get something sensible...

Thanks

Trick_Star

I wondered if anyone could help me. Oh, "Hello Everybody" by the way, this is my first post!!
The company I work for lease all of their company cars. To reduce costs during the current recession, they've renegotiated the leases so that instead of 3 years, we now keep the cars for 4 years. I'm interested to know if there is a personal tax implication to this?