A new system for taxing car benefits started on 6 April 2002.
The charge on the benefit of a company car will still be calculated
as a percentage of the price of the car (normally list price). But the
percentage will be graduated according to carbon dioxide (CO2) emissions,
and the adjustments for business mileage (including those for second cars),
and older cars will not apply.
See the Inland Revenue website for a full explanation of all company car tax rules
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Our car tax calculator allows you to work out how much tax you would have to pay. The calculations provided are for information only and should only be used as a guide. Drivers should always seek professional advice to establish their own personal tax position. |
