Company Car Tax Calculation

Toyota Corolla Touring Sports 2.0 VVT-i Icon Hybrid Auto

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 April2022/232023/242024/25
P11D value£29,675£29,675£29,675
Percentage charge27%27%27%
Benefit in kind£8,012£8,012£8,012
Tax payable at basic rate£1,602@20%£1,602@20%£1,522@19%
Tax payable at 40%£3,205£3,205£3,205

Fuel benefit tax

Tax year to 5th April2022/232023/24
P11D value£25,300£25,300
Percentage charge27%27%
Benefit in kind£6,831£6,831
Tax payable at basic rate£1,366@20%£1,366@20%
Tax payable at 40%£2,732£2,732

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£29,910
First-year VED£180
Manufacturers price date01-Aug-2022
Value for P11D excluding options£29,675
Taxable accessories£ 0
Non-taxable items £235
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 112 g/km
Maximum CO2 112 g/km
Green label

G

Corporation tax 6% WDA
Fuel typehybrid - petrol/electric
NCAP safety rating
Number of seats5
Bodystyleestate
Transmissionautomatic
Fuel consumption (mpg) mpg50.4 to 60.6
Weighted Combined Fuel consumption (mpg) mpg
Number of doors5
Acceleration 0 to 62s
Maximum speedmph
Insurance group18