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Where Taxpayers and Advisers Meet

Company car tax

JackPez
Posts:5
Joined:Tue Jan 02, 2018 5:39 pm
Company car tax

Postby JackPez » Mon Nov 12, 2018 11:48 am

Hi,

i was hoping someone with some knowledge on this subject could offer some advice. i'm slightly confused by the company car tax calculator.

I was under the impression its p11d x co2% x tax bracket either 20 or 40%. If this is the case, for example a BMW 3 series would be as follows:

p11d - £36,700 x 27% = BIK of £9,909 x 40% = £3,963 x 12 = £330 per month.

However if i use the comcar.co.uk calculator is gives me the same figures but a monthly cost of £255?

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