Company Car Tax

Information on company car tax and other benefits. If your employer provides you with non-cash benefits - such as a company car or medical insurance - you may have to pay tax on them. Normally, if your employer provides you with a car, you'll have to pay tax on the value of the benefit. Money, tax and benefits Tax on company cars and other benefits If your employer provides you with non-cash benefits - such as a company car or medical insurance - you may have to pay tax on them. Normally, if your employer provides you with a car, you'll have to pay tax on the value of the benefit. The value depends on several things, such as: the car's list price, including any accessories its carbon dioxide emissions the type of fuel it uses. The value of the benefit may be less if the car is unavailable for part of the year or if you pay something towards its cost.

Website: http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/IncomeTax/Taxcodes/DG_078412

Categories: Cash or Car Research and Consultancy

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