UK Company Car Tax Explained. In this video we explore UK Company Car tax, we look at how to calculate your company car tax, tax on fuel, and why you should do your homework before you sign up to a company car scheme, especially before you take on a fully expensed company car. What is Benefit in Kind (BiK) and what does it mean to your take-home pay?
Government Company Car Tax Calculator is at: [ Ссылка ]
Benefit in Kind is calculated by taking the car’s P11D value (list price + optional extras + VAT & delivery) and multiplying it by the BIK % (which is based on CO2 emissions and fuel type).
At the moment the most tax-efficient company cars are pure electric vehicles (EV's) such as Tesla's as the benefit in kind on these is currently 1% for the tax year 2021/2022. This will increase to 2% next year, however, the BIK on these vehicles will remain comparatively low vs Petrol or Diesel cars and will also outperform most PHEV's in the tax department.
PLEASE don't forget to give me a big thumbs up and smash that LIKE button, whilst you're at it, click on the notification bell and hit SUBSCRIBE :) Thank you very much for your support. Any comments below will be answered, I promise.
----------------------------------------
Follow me on Twitter @notaguru3
[ Ссылка ]
Buy me a Coffee at : -
[ Ссылка ]
Get your Definitely Not a Guru channel Merchandise at : -
[ Ссылка ]
-----------------------------------
Links to my youtube gear:-
Sony ZV1 Camera – [ Ссылка ]
Elgato Key Light : [ Ссылка ]
Philps Hue Light Bar : [ Ссылка ]
SanDisk Extreme PRO 128 GB SDXC – [ Ссылка ]
UK Company Car Tax Explained - What is Benefit in Kind?
Теги
UK Company Car Tax ExplainedCompany Car Tax ExplainedUK Company Car Taxbenefit in kindcompany carcompany car taxcorporation tax ukcar taxcompany car tax oncompany car tax on phevcompany car tax on evcar tax calculationfully expensed company cartax on fuelCompany Car Tax CalculatorCar Tax ExplainedWhat is Benefit in KindBenefit in KindteslaPHEVBiK ValueCO2 emissionscompany car allowancetax codeelectric car