company car tax ?

[smudgley]

Originally Posted by EmmaG

Hi Smudgley, if there is anything you want to know just shout. My experience with the Inland Revenue's staff at the moment is that most of them do not know what they are talking about, their staff experience has got very bad over the past year or so.

I've had a good read of the IR site - but am no better off. Still don't know what I need to. I basically need to know that when I change my car (to a different type/classification) how will the tax I pay differ? Will I pay more / less...Can't find out anywhere.

[EmmaG]

ok Smudgley what I need to know is the exact make/model of the car, year registered. I can then show you how to work out the car benefit. Also do you have private fuel provided for?

[EmmaG]

I will post up how you can calculate out the car tax

You need list price of car, and CO2 emissions

example for working out the car benefit

List price of car £12,000,
co2 emissions 140g/km, this would give a 15%

£12,000 x 15% = £1800 car benefit

so if you were a 22% tax payer you would pay tax of £396 pa
and if you were a 40% tax payer you would pay tax of £720 pa

IF PRIVATE FUEL WAS PROVIDED

You would use the car benefit % (i.e. 15% in the example above)

and the list price would be £14,400 x 15% = £2160
(deemed list price IN ALL CASES)

22% tax on £2160 would be £475 pa
40% tax on £2160 would be £864 pa

This private fuel is IN ADDITION to the car benefit

[EmmaG]

% calculator for the CO2 emissions are as follows

g/km of Co2

140 15%
165 20%
190 25%
215 30%
240 35%

For intervening figures add 1% to list price for each additional 5g/km of Co2,

These % are for petrol cars, diesel cars are a bit more expensive.