Company Car Tax Calculation

Hyundai KONA New 1.0 T-GDi 48V Hybrid N Line 120PS

A company car driver can expect to pay vehicle benefit tax If the company pays for the use of fuel on private journeys, tax on fuel benefit will also be applied.

Vehicle benefit tax

Tax year to 5th April2021/222022/232023/24
P11D value£23,530£23,530£23,530
Percentage charge31%32%32%
Benefit in kind£7,294£7,530£7,530
Tax payable at 20%£1,459£1,506£1,506
Tax payable at 40%£2,918£3,012£3,012

Fuel benefit tax

Tax year to 5th April2021/222022/23
P11D value£24,600£24,600
Percentage charge31%32%
Benefit in kind£7,626£7,872
Tax payable at 20%£1,525£1,574
Tax payable at 40%£3,050£3,149

View effect on net pay

What will my income tax be with a company car? How will a company car affect my net pay?

What are your earnings and contributions?

Earnings

Contributions

Additional tax arising from use of the vehicle (£)

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Tax Breakdown
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Assumptions used

Tax Components

On the road price including options£23,795
First-year VED£210
Manufacturers price date01-Jul-2021
Value for P11D excluding options£23,530
Taxable accessories£ 0
Non-taxable items £265
Capital contributions£ 0
Amount paid annually for private use of the car£ 0
Fuel type key letter A
Euro standard 6d
Electric battery range 0miles

The base data has been taken from the manufacturer and applied to the latest tax information. Errors or changes could arise. Send a Calculation Enquiry if there is something you don't understand or think might be incorrect. Please see the full Terms and Conditions.

Vehicle Details

CO2 emission 138 gpkm
Maximum CO2 138 gpkm
Green label

H

Corporation tax 6% WDA
Fuel typehybrid - petrol/electric
NCAP safety rating
Number of seats5
BodystyleSUV
Transmissionmanual
Fuel consumption (mpg) mpg46.3 to 46.3
Weighted Combined Fuel consumption (mpg) mpg
Number of doors5
Acceleration 0 to 6211.9s
Maximum speed112.0mph
Insurance group10