Tax on company cars

You’ll pay tax if you or your family use a company car privately, including for commuting.

You pay tax on the value to you of the company car, which depends on things like how much it would cost to buy and the type of fuel it uses.

This value of the car is reduced if:
◦ you have it part-time
◦ you pay something towards its cost
◦ it has low CO2 emissions
If your employer pays for fuel you use for personal journeys, you’ll pay tax on this separately.

Go to the HMRC website to see how much tax you might pay using the Company Car and Fuel Benefit Calculator

Or contact your tax adviser or accountant for an exact figure