The amount of company car tax due in2012/13 is calculated from a car’s P11D price and its CO2 emissions. It’s fuel type also contributes, with Diesels paying up to 3% more than petrol company cars.
Example:
Consider a Toyota Avensis 2.0 Diesel Saloon with a P11D value of £20,200 and CO2 emissions of119 g/Km. This attracts a tax charge of 17% of its P11D value in 2012/13. This gives a Benefit-in-kind tax of £4,265 which equates to a yearly tax liability of £853 for a 20% tax payer or £1,706 for a 40% tax payer.
% of P11D to be taxed – Petrol |
% of P11D to be taxed – Diesel |
CO2 (g/Km) 2012/13 |
CO2 (g/Km) 2013/14 |
CO2 (g/Km) 2014/15 |
5 |
8 |
Up to 75 |
Up to 75 |
Up to 75 |
10 |
13 |
Up to 99 |
Up to 95 |
Up to 90 |
11 |
14 |
100 |
95 |
90 |
12 |
15 |
105 |
100 |
95 |
13 |
16 |
110 |
105 |
100 |
14 |
17 |
115 |
110 |
105 |
15 |
18 |
120 |
115 |
110 |
16 |
19 |
125 |
120 |
115 |
17 |
20 |
130 |
125 |
120 |
18 |
21 |
135 |
130 |
125 |
19 |
22 |
140 |
135 |
130 |
20 |
23 |
145 |
140 |
135 |
21 |
24 |
150 |
145 |
140 |
22 |
25 |
155 |
150 |
145 |
23 |
26 |
160 |
155 |
150 |
24 |
27 |
165 |
160 |
155 |
25 |
28 |
170 |
165 |
160 |
26 |
29 |
175 |
170 |
165 |
27 |
30 |
180 |
175 |
170 |
28 |
31 |
185 |
180 |
175 |
29 |
32 |
190 |
185 |
180 |
30 |
33 |
195 |
190 |
185 |
31 |
34 |
200 |
295 |
190 |
32 |
35 |
205 |
200 |
195 |
33 |
35 |
210 |
205 |
200 |
34 |
35 |
215 |
210 |
205 |
35 |
35 |
220 |
215 |
210 |