Company Car Tax 2012/13

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.