WOB
Tax calculator   Fuel benefit   Car chooser   Select by CO2   Sub 121g/km

Employees will be taxed if their employer provides any free fuel. This could be as a result of using a company fuelcard and not repaying the private usage element, or if the employer pays for travel between home and work. As the full taxable benefit per the table below will be applied, employees should check that the offer of any free private fuel is worthwhile. Complete the calculator form to find out! It is not too late to reimburse your employer for any private mileage used in order to avoid this tax, but you then need good records to substantiate the business element of fuel costs covered by the company.

The taxable amount is based simply on £18,000 multiplied by the same percentage derived from the CO2 figure and fuel type. Once you have identified the appropriate benefit, run it through the calculator at the bottom of the page. Remember to check each year.

Car fuel benefit   Tax Year 2010/11 Tax Year 2011/12
  Percentage Taxable value of benefit
Based on P11D Value   £18,000 £18,000
Use the tax calculator or your P11d to find the appropriate figure    
  10% £1,800 £1,800
  11% £1,980 £1,980
  12% £2,160 £2,160
  13% £2,340 £2,340
  14% £2,520 £2,520
  15% £2,700 £2,700
  16% £2,880 £2,880
  17% £3,060 £3,060
  18% £3,240 £3,240
  19% £3,420 £3,420
  20% £3,600 £3,600
  21% £3,780 £3,780
  22% £3,960 £3,960
  23% £4,140 £4,140
  24% £4,320 £4,320
  25% £4,500 £4,500
  26% £4,680 £4,680
  27% £4,860 £4,860
  28% £5,040 £5,040
  29% £5,220 £5,220
  30% £5,400 £5,400
  31% £5,580 £5,580
  32% £5,760 £5,760
  33% £5,940 £5,940
  34% £6,120 £6,120
  35% £6,300 £6,300

Breakeven private mileage calculator

    Tax Year 2010/11
Select benefit from above table  
Input expected fuel consumption in mpg Expected mpg: Imperial measures still seem to be used despite fuel being sold in litres. We show the official EU Combined test figure, but don't expect this in real life.
Input expected fuel cost in pence per litre
Select your marginal tax rate Marginal tax rate: Benefits are added to your taxable income, and so will always be taxed at your highest rate. The rate of 31% is appropriate when half the benefit is taxed at 22%,but the other half takes your taxable income into the top bracket of 40%. NI ignored here.
Approximate annual private mileage Approx private mileage: Insert an estimate for the calculator to show the post tax value of the free fuel perk.
Calculate the minimum annual mileage  
     
 
Tax Year 2011/12
 


Contact | Terms and conditions | © 2010 Carmen Data

News

Vantax Homepage | Contact | Terms of use | ©2010 Carmen Data | Sitemap

Go to Comcar for Company car tax