COMPANY CARS AND TAX

Company cars are one of the most popular employee benefits. All together, more than one million UK directors and employees drive company cars. Of these, half receive free fuel for private use.

Successive governments have increased taxation on cars and fuel. Both employers and employees now need to consider the tax implications of company cars before making decisions.

Companies are now encouraged to run 'greener' cars. A car's CO2 emission levels determine the tax paid for both new and existing vehicles, though older vehicles (registered before 1998) are still taxed on engine size.

To make a calculation on a considered or existing vehicle visit the company car and car fuel benefit calculator. 

Company Car and Car Fuel Benefit Calculator

For more information please select one of the following:

	Employee Tax		Tax on Fuel
	Reducing Tax Costs		No Car or Your Own Car
	Tax for Employers		Buying Company Cars
	Leasing Company Cars		Getting Help