What is a Company Car Tax Calculator?

A Company Car Tax Calculator is a tool that helps businesses and employees calculate the tax implications of company vehicles based on their value, CO2 emissions, and tax band.

How do I use the Company Car Tax Calculator?

To use the calculator, select your currency, enter the vehicle value, CO2 emissions, tax band, and fuel type. Click 'Calculate' to see your results.

What currencies are supported?

The calculator supports multiple currencies including USD, EUR, GBP, AUD, and CAD.

Company Car Tax Calculator | ClayDesk Business Tools

Currency

Vehicle Value

CO2 Emissions (g/km)

Employee Tax Band

Fuel Type

Calculation Results

BIK Percentage: 0%

Annual BIK Value: $0.00

Monthly Tax Liability: $0.00

Annual Tax Liability: $0.00

Interpretation:

Your company car tax is calculated based on the vehicle's value, CO2 emissions, and your tax band.

Company Car Tax Formula

Annual BIK Tax = (Vehicle Value × BIK Rate) × Tax Band Percentage

This formula helps businesses and employees understand the tax implications of company vehicles.

Supported Currencies:

USD

US Dollar

EUR

Euro

GBP

British Pound

AUD

Australian Dollar

CAD

Canadian Dollar