Rowley's Chartered Accountants Leicester
Client Login
Latest News
Feb 10, 2010
Company Car and Fuel Benefit Calculator
When a company car is made available to an employee, a benefit in kind arises. There is an additional benefit in kind if the company also pays for any private fuel.
The benefit in kind for the company car is based on the list price, the Co2 rating and the fuel type. Once you have got this information to hand, you will be able to calculate your benefit in kind for the year ended 5 April 2011 by using the HMRC calculator.
The calculator will also give you an indication of the amount of income tax you will have to pay for having the use of a company car and fuel.
Click here to access the Company Car and Fuel Benefit Calculator