Company cars and BIK tax

newparent77

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? 

Stateofart

stuhse said:

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 :-)

Interested in this,  how does no one charging them affect companies?

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.