Company car and fuel benefit in kind - Makesworth Accountants

Company car and fuel benefit in kind

The taxable benefit on your company car is based on the CO2 emissions of the car. These calculations are for the 2018/19 tax year.

The list price of the car and the cost of any optional extras.

The amount of any contribution made to the cost of the car (max £5000).

The amount paid to the employer over the whole year for any private use.

The approved CO2 emissions of the vehicle – you can look it up on the offical government website

The fuel type of vehicle

Does your employer pay for any private fuel for a company car?

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

Results

  • Car benefit:£0.00
  • Fuel benefit:£0.00
  • Taxable benefit:£0.00
See also  Making Tax Digital for Individuals

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