Quote:
Originally Posted by MEGA
Never understood how the company car thing works!
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The system changes every few years.
It currently works on the emissions of your vehicle dictate dictate what percentage of its retail value (including options) you pay tax on.
So, using my car as an example:
It has an emissions figure of 319 and a tax band M
Based on a £60,000 full retail value figure and a private fuel allowance I am taxed @ 40% on £27,580 worth of benefit per annum (the car being £21,000 and the fuel £6,580)
This equates to £11,032.00 in tax per year.