Company Car Tax – (Benefit in Kind), explained by example

Company Car Tax

I am one of the first to glaze over when trying to understand the details of calculations. Tell me about percentages of P11D values and I am quickly lost.
But reduced tax on electric vehicles is more than just significant…it is a huge factor.

There’s a great website for doing the calculations and allowing direct comparisons between 2 vehicles. Have a look at www.nextgreencar.com/company-car-tax/calculator/

I’ve just done a couple of quick comparisons (selecting models of similar P11D value):

Nissan Leaf vs Audi A3 – saves more than £6000 over 2017-2020.

Renault Zoe vs VW Polo – saves more than £2300 over 2017-2020

Tesla Model S vs Mercedes E Class – saves a whopping £26000 over 2017-2020.

More reasons to get switched on to Electric Vehicles.

If you need any help or advice please feel free to get in touch on 01986 894878 or you can email us here.

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