P - P11D value

05 June 2006

The P11D value of a car is used by the Inland Revenue to calculate company car tax.

It is the list price of the vehicle minus the £55 first registration fee, but including any extras which cost more than £100.

It is possible to reduce the P11D value of a car with a capital contribution of up to £5000.

For whatcar.com's guide to contract hire and leasing click here

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