We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Company cars and BIK tax
Comments
-
Hi everyone - sorry, I have another what is probably a very stupid question!
So I'm trying to work out what my take home pay will be with the company car, again using these figures: I earn £40,000. The car is an EV with a P11D value of £45,000 and a BIK tax rate of 2%. So the BIK tax is 2% of £45,000, which is £900. So adding that to my salary I'm effectively earning £40,900.
When using an online salary calculator, would I just put in £40,900 as my new earnings and the take home figure it gives me would reflect the company car tax?0 -
If you've got a fuel card why charge at home and pay, when you can just fill it up at the pumps and not charge it for free. Enjoy green rates whilst burning all the fuel in the world. Win win.stuhse said:
Interested in this, how does no one charging them affect companies?Stateofart said:The tax man though massively incentivizes the plugin hybrid as apparently far greener.
But companies are banning them, as no one is charging them :-)
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards