Company Car Tax calculation help

19ninety

Can someone help clarify how much monthly BIK tax should be paid based on the details below?


2017 Mercedes-Benz A-Class A180d Sport Auto - list price with options £27,935
Salary of £45,000 before deduction.



Many Thanks,

AdrianC

What's the CO2 on the V5C?

19ninety

DVLA vehicle check says 101 g/km.

DoaM

https://comcar.co.uk/newcar/companycar/taxcalc/

There isn't a model at £27,935 ... did you mean £29,735?

Tax per month = £ 242.78

19ninety

Your right, I can't remember where I got that figure.... I've just checked my PAYE online and the car is listed at £31,032 & Car Benefit of £7,758, I checked ComCar and it says £29,795 with the correct model options selected.... will check with work tomorrow as to the difference!



My company car allowance is roughly £275, if I took the money I'd be getting taxed at the higher rate on most of it. If I get a similar value car again (with low emissions) then I'm only just better off after BIK tax. Tough call.

AdrianC

19ninety wrote: »

DVLA vehicle check says 101 g/km.

So for FY2018/19, it's equivalent to income of 25% (21% + 4% diesel premium) of list, taxed at your normal income tax band.
For FY19/20, it'll be 28% (24% + 4%).
For FY 17/18, it was 22% (19% + 3%).


https://www.fleetnews.co.uk/fleet-faq/what-are-the-current-bik-bands-/3/