Does a company vehicle have a value to wage?
pcpaul22
Posts: 8
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I work as a service engineer and need a vehicle to do the job. My company allow a choice of car or van. Because I chose a car I pay BIC tax but I'm trying to work out my hourly rate, so is there a value I need to add for the car?
Hope that makes sense and someone can help
Hope that makes sense and someone can help
0
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pcpaul22 said:I work as a service engineer and need a vehicle to do the job. My company allow a choice of car or van. Because I chose a car I pay BIC tax but I'm trying to work out my hourly rate, so is there a value I need to add for the car?
Hope that makes sense and someone can helpGoogling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 
The BIC is based on the value of the vehicle, CO2 emission and your marginal tax rate. Its an annual charge so you will need to decide how you apportion it down to an hourly basis0

Ok, so I clearly haven't explained properley.
I'm trying to work out my hourly rate (checking I'm not being paid less than minimum wage) by dividing my salary by the numbers of hours worked. My question is does the car affect the calculation?0 
pcpaul22 said:Ok, so I clearly haven't explained properley.
I'm trying to work out my hourly rate (checking I'm not being paid less than minimum wage) by dividing my salary by the numbers of hours worked. My question is does the car affect the calculation?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 
Your hourly rate will be as shown on, or calculated from, your pay slip. The BIK value of the vehicle could be seen as, and is effectively taxed as, being additional pay.
0 
pcpaul22 said:Ok, so I clearly haven't explained properley.
I'm trying to work out my hourly rate (checking I'm not being paid less than minimum wage) by dividing my salary by the numbers of hours worked. My question is does the car affect the calculation?1
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