Car benefit calculator

Loan calculator: How much interest will you pay on a loan? Use this calculator to look at the impact of different interest rates over varying time periods.

Payslip calculator: Are you paying the correct amount of PAYE? Check you are having the correct amount of tax deducted from your income.

VAT calculator: Calculate the VAT to be paid where VAT is included in the amount entered at the standard rate of 17.5%

Stamp duty calculator: Stamp duty rates range from 0.5 per cent to 4 per cent. Calculate the liability to stamp taxes on the purchase of shares or property.

Savings calculator: Find out how much you will accumulate if you save regularly? How much will those savings be worth taking the effect of inflation into account?

Millionaire calculator: Inspired by the popular TV show, this calculator gives you the opportunity to work out when you will become a millionaire.

Inheritance tax calculator: How much inheritance tax might your estate be liable to on the occasion of your death? Good tax planning can reduce this liability.

Break-even calculator: Will you breakeven? This calculator will provide the sales figure you need in order to break even, i.e. obtain a net profit figure of zero.

Fuel cost calculator: With the constant fluctuating cost of fuel, our calculator shows your expenditure over a year, and includes a link to fuel saving strategies.

Gross profit calculator: What is your gross profit? This calculator shows the sales you need in order to break even, i.e. obtain a net profit figure of zero.

Vehicle benefit calculator: What is the cost of your company car including the car benefit, and, if applicable, the car fuel benefit. Also, find out the cost of your van benefit.

Check your car and fuel benefit

Calculate the tax on your company car and car fuel benefit. Contact us to discuss how this can be reduced. Check out our Fuel Cost Calculator



List price of car		£

Capital contribution made by employee		£

(Maximum reduction allowed to list price is £5,000).

Fuel type *

* Enter as petrol if your car is a pre 2006 Euro IV compliant diesel



CO₂ emissions This information is in your registration certificate or use this search facility.
CO₂ emissions figure in g/km per registration document

(For cars registered between 1.1.98 and 28.2.01 see www.vcacarfueldata.org.uk or www.smmt.co.uk).

If no CO₂ emissions figure exists use engine capacity



Car registration date

Payments made by employee towards private use of car		£

Employer pays for private fuel? (tick if yes)		Yes




Results:

Car benefit:	£

Percentage of list price used:	%

Fuel benefit:		£

Total benefit:		£

Annual liability for 2010/11 @ 20%:		£

Annual liability for 2010/11 @ 40%:		£

Annual liability for 2010/11 @ 50%:		£

Van benefit

The chargeable benefits have been increased for 2010/11.

To find out the cost of the benefit of a van please refer to this table:

	Standard rate (20%) Benefit (tax cost)	Higher rate (40%) Benefit (tax cost)	Additional rate (50%) Benefit (tax cost)
Van only - benefit £3,000	£600	£1,200	£1,500
Van and fuel for private use - benefit £3,550	£710	£1,420	£1,775
Employer's class 1A NICs:
Van	£384
Fuel	£70

Please note

That there is no van fuel benefit if the employee pays for private fuel. If the van is unavailable for part of the year the van benefit is reduced proportionately.

There is no van benefit where the van is incapable of producing CO₂ emmisions in use.