Balgores contract hire car UK, Personal contract hire car, funding cash for cars. Leasing in the UK

What is Benefit in Kind?

Cars

If your new vehicle is a company car, that will be made available for private use, a "benefit in kind" value will be calculated on which you will pay tax.

How is it calculated?

The full price of the car including optional extras, manufacturers delivery and VAT, known as the P11D value is multiplied by the appropriate % based on the CO2's of the car, (please see table below for appropriate %)

You will be charged tax on this amount at the highest rate at which you pay income tax.

BIK Calculator

If you know the P11D value and CO2 of your car please enter below, also enter the rate at which you pay income tax to discover how much tax you will pay for the benefit of having your company car.

If you don't know the above click here to build your car, discover the P11D, CO2 and calculate the tax charge.

Fuel Charge

If your employer provides fuel for your private use this is a benefit to you and will incur a tax charge.

This is calculated by multiplying £16900 (a set amount irrespective of car driven) by the same % derived from the CO2 of your car, see above or table below.

Vans

If you are given a company van, and are allowed unrestricted private use, you will be charged tax on £3,000 p.a. if you are also allowed fuel for your private mileage tax will be charged on £500.

Unlike cars, journeys in a van between home and work do not count as private use as long as the van is mainly used for work journeys. In this situation no tax charge is made against the employee.

Scale Charge Calculator

Percentage of car's price to be taxed		CO2 emissions in grams per kilometre
Petrol	Diesel	2009-2010 Tax Year	2010-2011 Tax Year	2011-2012 Tax Year
10	13	Up to 120	Up to 120	Up to 120
15	18	121 - 139	121 - 134	121 - 129
16	19	140 - 144	135 - 139	130 - 134
17	20	145 - 149	140 - 144	135 - 139
18	21	150 - 154	145 - 149	140 - 144
19	22	155 - 159	150 - 154	145 - 149
20	23	160 - 164	155 - 159	150 - 154
21	24	165 - 169	160 - 164	155 - 159
22	25	170 - 174	165 - 169	160 - 164
23	26	175 - 179	170 - 174	165 - 169
24	27	180 - 184	175 - 179	170 - 174
25	28	185 - 189	180 - 184	175 - 179
26	29	190 - 194	185 - 189	180 - 184
27	30	195 - 199	190 - 194	185 - 189
28	31	200 - 204	195 - 199	190 - 194
29	32	205 - 209	200 - 204	195 - 199
30	33	210 - 214	205 - 209	200 - 204
31	34	215 - 219	210 - 214	205 - 209
32	35	220 - 224	215 - 219	210 - 214
33	35	225 - 229	220 - 224	215 - 219
34	35	230 - 234	225 - 229	220 - 224
35	35	235 - 239	230 - 234	225 - 229
35	35	240 and above	235 and above	230 and above