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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 2016-2017 Figures for diesel cars with 3% surcharge are shown in brackets.

◾0-50g/km – 7% (10%)
◾51-75g/km – 11% (14%)
◾76-94g/km – 15% (18%)
◾95-99g/km – 16% (19%)
◾100-104g/km – 17% (20%)
◾105-109g/km – 18% (21%)
◾110-114g/km – 19% (22%)
◾115-119g/km – 20% (23%)
◾120-124g/km – 21% (24%)
◾125-129g/km – 22% (25%)
◾130-134g/km – 23% (26%)
◾135-139g/km – 24% (27%)
◾140-144g/km – 25% (28%)
◾145-149g/km – 26% (29%)
◾150-154g/km – 27% (30%)
◾155-159g/km – 28% (31%)
◾160-164g/km – 29% (32%)
◾165-169g/km – 30% (33%)
◾170-174g/km – 31% (34%)
◾175-179g/km – 32% (35%)
◾180-184g/km – 33% (36%)
◾185-189g/km – 34% (37%)
◾190-194g/km – 35% (37%)
◾195-199g/km – 36% (37%)
◾200g/km or more - 37% (37%)



For example a BMW I3 94ah Range Extender 5dr Auto has a Co2 emmission of 12g/km and P11D value of £35,425.00. This fits into the lowest 7% tax bracket with a benefit in kind of £2,479.75

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