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Company Car Tax

Company cars are subject to tax, when a 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. Company car tax bands 2018-2019 Figures for diesel cars with 4% surcharge are shown in brackets up to 37% max for all fuels. Lowest diesel bracket currently avaialble from manufacturers is 76-79g/km.

◾1-50g/km 130+ Range – 13% (N/A)
◾1-50g/km 70-129 Range – 13% (N/A)
◾1-50g/km 40-69 Range – 13% (N/A)
◾1-50g/km 30-39 Range – 13% (N/A)
◾1-50g/km Under 30 Range – 13% (N/A)
◾51-54g/km – 16% (N/A)
◾55-59g/km – 16% (N/A)
◾60-64g/km – 16% (N/A)
◾65-69g/km – 16% (N/A)
◾70-74g/km – 16% (N/A)
◾75g/km – 16% (N/A)
◾76-79g/km – 19% (23%) 
◾80-84g/km – 19% (23%)
◾85-89g/km – 19% (23%)
◾90-94g/km – 19% (23%)
◾95-99g/km – 20% (24%)
◾100-104g/km – 21% (25%)
◾105-109g/km – 22% (26%)
◾110-114g/km – 23% (27%)
◾115-119g/km – 24% (28%)
◾120-124g/km – 25% (29%)
◾125-129g/km – 26% (30%)
◾130-134g/km – 27% (31%)
◾135-139g/km – 28% (32%)
◾140-144g/km – 29% (33%)
◾145-149g/km – 30% (34%)
◾150-154g/km – 31% (35%)
◾155-159g/km – 32% (36%)
◾160-164g/km – 33% (37%)
◾165-169g/km – 34% (37%)
◾170-174g/km – 35% (37%)
◾175-179g/km – 36% (37%)
◾180 + – 37% (37%)



For example a New 2019 BMW I3 120ah 5dr Auto has a Co2 emmission of 0g/km and P11D value of £35,125.00. This fits into the lowest 13% tax bracket with a benefit in kind of £4,566.25. this bracket will reduce to 2% in 2020-2021 for cars in the 1-50 co2 bracket that have an electric range of over 130 miles, cars in a 1-50 co2 range that are unable to achieve 130 miles will be on a sliding scale eg 5% from 70-129

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