Company Car or Allowance
Increasingly employees have taken car allowances instead of company cars. On the surface often the Benefit in Kind and subsequent additional income tax make company cars look unattractive. It does pay, as always, to look at the whole picture.
We have developed a handy tool that can take account of all the relevant tax and financial considerations and do the calculations for you. These include:
- Benefit in Kind
- Fuel costs
- Financing method from HP / Personal Contract hire
- Residual Value
- AMAP allowances
You simply adjust these parameters to suit your own circumstances and immediately obtain an accurate figure tailored to your business. If you have any questions you can always give us a call.
If you would like us to send you this free company car tax calculator tool please complete the request form on this page and we will get it to you within 24hours.
Alternatively you can contact our team of experts for general advice about your business’ company car policy and to find out how to reduce your fleet costs.