Check your company car tax rate

  • The latest BIK tax rates listed
  • Check company car CO2 emissions
  • Use What Car?'s tax calculator

Need some help deciding which company car makes most financial sense for you? What Car?'s guide to company car tax is the place to start.

Running a company car is seen as major perk by the tax authorities, and as soon as the vehicle is used for personal reasons – including the daily commute – it is deemed to be a 'benefit in kind' (BIK) that can be taxed.

Her Majesty's Revenue and Customs (HMRC) sets a taxable value for every new car, based on its CO2 emissions. This figure is known as the 'P11D value' because it is the value shown for the vehicle on the P11D document that details additional benefits from your employer.

The P11D value is based on the car's list price – plus VAT, delivery and options costing £100 or more – as well as its CO2 emissions, so choosing the right car can help to reduce the amount of tax that you have to pay.

What Car?'s company car tax calculator allows you to see how much you'll be taxed for running the vehicle, based on its taxable value and CO2 rating.

Cars that are zero-rated for CO2 remain exempt from company car tax in 2014/15, but this will change for 2015/16. Those that emit 1-75g/km CO2 are still taxed at 5% for 2014/15.

Company car tax bands 2014-2015
Figures for diesel cars with 3% surcharge are shown in brackets.

Zero emission vehicles – 0%
1-75g/km – 5%
76-94g/km – 11% (14%)
95-99g/km - 12% (15%)
100-104g/km – 13% (16%)
105-109g/km – 14% (17%)
110-114g/km – 15% (18%)
115-119g/km – 16% (19%)
120-124g/km – 17% (20%)
125-129g/km – 18% (21%)
130-134g/km – 19% (22%)
135-139g/km – 20% (23%)
140-144g/km – 21% (24%)
145-149g/km – 22% (25%)
150-154g/km – 23% (26%)
155-159g/km – 24% (27%)
160-164g/km – 25% (28%)
165-169g/km – 26% (29%)
170-174g/km – 27% (30%)
175-179g/km – 28% (31%)
180-184g/km – 29% (32%)
185-189g/km – 30% (33%)
190-194g/km – 31% (34%)
195-199g/km – 32% (35%)
200-204g/km – 33% (35%)
205-209g/km – 34% (35%)
210g/km or more – 35% (35%)

Go to the What Car? company car tax calculator >>



By Ed Callow

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