Company Car Tax
If the company vehicle you drive is for both business and private use, you become liable for income tax. This 'benefit-in-kind' value is calculated on the total retail value of the car and the CO2 emissions used for its private use.
To illustrate this point, here is an example of the company car tax you would pay on the selected vehicle below.
|Vehicle Description:||Citroen DS3 VTi 120 Dstyle +|
|Engine Size (cc):||1598|
|Monthly Tax (20%):||£42.00|
|Monthly Tax (40%):||£84.01|