How to calculate company car tax on a petrol or hybrid car
- P11D price of the car: £17,370
- CO2 emissions: 97g/km
- Company Car Tax band 2017/18: 18%
- Basic taxable benefit: £17,370 x 18% = £3127
- Company car tax payable per month: £52 (20% tax rate)/£104 (40% tax rate)
How to calculate company car tax on a diesel car
- P11D price of the car: £17,370
- CO2 emissions: 97g/km
- Company Car Tax band 2017/18: 21% (includes 3% diesel surcharge)
- Basic taxable benefit: £17,370 x 21% = £3648
- Company car tax payable per month: £61 (20% tax rate)/£122 (40% tax rate)
We also have a company car tax calculator that helps you work out your tax liability on a series of cars to see which is most tax efficient for you. Click on the highlighted link to access our Company Car Tax Calculator – we’ve done all the hard work for you!
More reading on company car tax
There’s additional information on company car tax – click here for Company car tax explained.
