Car benefit calculator

faq
Switch Umbrella Company Financial Services Umbrella V�s LTD

Check your car and fuel benefit

Calculate the tax on your company car and car fuel benefit. Contact us to discuss how this can be reduced. Check out our Fuel Cost Calculator



List price of car		£

Capital contribution made by employee		£

(Maximum reduction allowed to list price is £5,000).

Fuel type *

* Enter as petrol if your car is a pre 2006 Euro IV compliant diesel



CO₂ emissions This information is in your registration certificate or use this search facility.
CO₂ emissions figure in g/km per registration document

(For cars registered between 1.1.98 and 28.2.01 see www.vcacarfueldata.org.uk or www.smmt.co.uk).

If no CO₂ emissions figure exists use engine capacity



Car registration date

Payments made by employee towards private use of car		£

Employer pays for private fuel? (tick if yes)		Yes




Results:

Car benefit:	£

Percentage of list price used:	%

Fuel benefit:		£

Total benefit:		£

Annual liability for 2010/11 @ 20%:		£

Annual liability for 2010/11 @ 40%:		£

Van benefit

The system for taxing vans has changed and the chargeable benefits increased.

To find out what the cost of the benefit of a van please refer to this table:

	Standard rate (20%) Benefit (tax cost)	Higher rate (40%) Benefit (tax cost)	Additional rate (50%) Benefit (tax cost)
Van only - benefit £3,550	£600	£1,200	£1,500
Van and fuel for private use - benefit £3,500	£700	£1,400	£1,775
Employer's class 1A NICs:
Van	£384
Fuel	£70

Please note

That there is no van fuel benefit at present if the employee pays for private fuel. If the van is unavailable for part of the year the van benefit is reduced proportionately.