Company car tax
Considerations
So how does this all work?
From April 2002 a graduated system of tax was introduced that uses a vehicles CO2 emissions to determine the amount of company car tax an individual pays on a company supplied vehicle. A vehicle's CO2 emission level determines the percentage of the vehicle’s P11D value (List Price) that can be taxed. This means that vehicles with lower CO2 emissions will incur a lower tax liability. This is only applicable to passenger cars, Light Commercial Vehicles (LCV’s) work on a different calculation using a fixed value of £3,490 multiplied by the individuals tax rate.
Monthly £ amount paid by end user (2020-2021 tax year)***
ASX
| ASX |
P11D Value | WLTP CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% | |
|---|---|---|---|---|---|---|
| Dynamic Manual 2WD | £20,110.00 | 171 | 37% | £124.01 | £248.02 | |
| Exceed Manual 2WD | £22,970.00 | 171 | 37% | £141.65 | £283.30 | |
| Exceed CVT 4WD | £25,880.00 | 185 | 37% | £159.59 | £319.19 |
Outlander PHEV
| Outlander PHEV | P11D Value | WLTP CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% |
|---|---|---|---|---|---|
| Verve Petrol Hybrid Auto 4WD | £35,760.00 | 46 | 12% | £71.52 | £143.04 |
| Design Petrol Hybrid Auto 4WD | £36,770.00 | 46 | 12% | £73.54 | £147.08 |
| Dynamic Petrol Hybrid Auto 4WD | £38,890.00 | 46 | 12% | £77.78 | £155.56 |
| Dynamic Safety Petrol Hybrid Auto 4WD | £41,410.00 | 46 | 12% | £82.82 | £165.64 |
| Exceed Petrol Hybrid Auto 4WD | £41,650.00 | 46 | 12% | £83.30 | £166.60 |
| Exceed Safety Petrol Hybrid Auto 4WD | £44,170.00 | 46 | 12% | £88.34 | £176.68 |
| Outlander PHEV Commercial |
P11D Value | NEDC CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% |
|---|---|---|---|---|---|
| Reflex Commercial Petrol Hybrid Auto 4WD | £38,576.84 | 40 | £3,490.00 | £58.16 | £116.33 |
| Reflex Plus Commercial Petrol Hybrid Auto 4WD | £39,816.00 |
40 | £3,490.00 | £58.16 | £116.33 |
Eclipse Cross
| Eclipse Cross | P11D Value | WlTP CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% |
|---|---|---|---|---|---|
| Verve Petrol Manual 2WD | £21,950.00 | 170 | 37% | £135.36 | £270.72 |
| Design SE Manual 2WD | £22,200.00 | 177 | 37% | £136.90 | £273.80 |
| Design SE Auto 2WD | £23,565.00 | 185 | 37% | £145.32 | £290.64 |
| Dynamic Petrol Manual 2WD | £23,555.00 | 177 | 37% | £145.26 | £290.51 |
| Dynamic Petrol Auto 2WD | £24,885.00 | 185 | 37% | £153.46 | £306.92 |
| Dynamic Petrol Auto 4WD | £26,465.00 | 196 | 37% | £163.20 | £326.40 |
| Exceed Petrol Manual 2WD | £26,130.00 | 177 | 37% | £161.14 | £322.27 |
| Exceed Petrol Auto 4WD | £29,190.00 | 175 | 37% | £180.01 | £360.01 |
L200
| L200 | P11D Value | NEDC CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% |
|---|---|---|---|---|---|
| Club Cab 4Life Diesel Manual 4WD | £25,704.00 | 198 | £3,490.00 | £58.16 | £116.33 |
| Double Cab 4Life Diesel Manual 4WD | £27,150.00 | 198 | £3,490.00 | £58.16 | £116.33 |
| Trojan Double Cab Diesel Manual 4WD | £29,260.80 | 199 | £3,490.00 | £58.16 | £116.33 |
| Trojan Double Cab Diesel Auto 4WD | £30,964.80 | 206 | £3,490.00 | £58.16 | £116.33 |
| Double Cab Warrior Diesel Manual 4WD | £31,626.00 | 200 | £3,490.00 | £58.16 | £116.33 |
| Double Cab Warrior Diesel Manual 4WD (Leather) | £33,072.00 | 200 | £3,490.00 | £58.16 | £116.33 |
| Double Cab Warrior Diesel Auto 4WD |
£33,330.00 | 206 | £3,490.00 | £58.16 | £116.33 |
| Double Cab Warrior Diesel Auto 4WD (Leather) | £34,776.00 | 206 | £3,490.00 | £58.16 | £116.33 |
| Barbarian Double Cab Diesel Manual 4WD (Leather) | £35,136.00 | 200 | £3,490.00 | £58.16 | £116.33 |
| Barbarian Double Cab Diesel Auto 4WD (Leather) | £36,840.00 | 206 | £3,490.00 | £58.16 | £116.33 |
| Double Cab Barbarian X Diesel Auto 4WD (Leather) | £38,652.00 | 206 | £3,490.00 | £58.16 | £116.33 |
Shogun Sport
| Shogun Sport | P11D Value | NEDC CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% |
|---|---|---|---|---|---|
| 3 Diesel Auto 4WD | £35,650.00 | 227 | 37% | £219.84 | £439.68 |
| 4 Diesel Auto 4WD | £37,650.00 | 227 | 37% | £232.18 | £464.35 |
| Shogun Sport Commercial | P11D Value | NEDC CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% |
|---|---|---|---|---|---|
| Commercial Diesel Auto 4WD | £38,638.80 | 227 | £3,490.00 | £58.16 | £116.33 |
Outlander Petrol
| Outlander |
P11D Value | WLTP CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% | |
|---|---|---|---|---|---|---|
| Design Petrol Auto 4WD | £28,050.00 | 196 | 37% | £172.98 | £345.95 | |
| Exceed Petrol Auto 4WD | £29,800.00 | 196 | 37% | £187.47 | £374.93 |
Mirage
| Mirage |
P11D Value | WLTP CO2 | BIK % | Monthly BIK Payable 20% | Monthly BIK Payable 40% | |
|---|---|---|---|---|---|---|
| Verve Petrol Manual | £10,345.00 | 105 | 24% | £41.38 | £82.76 | |
| Design Pro Petrol Manual | £12,290.00 | 108 | 24% | £49.16 | £98.32 | |
| Design Pro Petrol Auto | £13,340.00 | 106 | 24% | £52.36 | £106.72 |
How does Company Car Tax work?
For passenger cars Company Car tax (or BIK tax) is calculated using the CO2 emissions figure each vehicle outputs. Your vehicles emission figure will fall into a BIK band which is associated with a percentage. This percentage is applied to the P11D value (list price) of your vehicle, giving you a maximum taxable amount. Your individual tax rate is then applied to the maximum taxable amount to give you the BIK tax you pay on your vehicle per year.
Visit Gov.uk for more information on Company Car Tax bands.
For Diesel vehicles that do not qualify for the new RDE2 certification, an additional 4% is added to the BIK % up to 37%
* List Prices and BIK rates correct at time of publication - 6th April 2020
** Commercial Vehicle BIK assumes private use with no fuel benefit