BIK tax calculator

A company car can be a valuable perk and choosing one can be a lot of fun. Unfortunately, the potential tax implications are not so much fun and choosing the wrong car can prove to be an expensive mistake. So be in the know – use our BIK tax calculator as a guide to see how much tax you will pay on the vehicle of your choice.

Audi A5 Diesel Sportback A5

2.0 TDI 150 S Line 5dr S Tronic

MPG

Gearbox Automatic

Co2

Fuel Diesel

Your tax results for Audi A5 Diesel Sportback A5 2.0 TDI 150 S Line 5dr S Tronic:

Emissions band

P11d price

Tax year

BIK rate

Monthly tax payable

Annual tax payable

£38,525.00

2018/2019

2019/20

2020/21

0%

0%

0%

£0.00

£0.00

£0.00

£0.00

£0.00

£0.00

Understanding how BIK tax is calculated

Benefit-in-kind is a tax you pay on any perks you receive from your company, in addition to your salary as part of your remuneration package. How much company-car tax you’ll pay depends on a number of factors; the cost of the car (P11D value), your salary and the car’s CO2 emissions. While your salary is likely to be fixed when you choose your company car, you can choose a car with a lower P11D value and low CO2 emissions in order to reduce the amount you’ll pay in BIK tax.

Working it all out

To work out the BIK value of a company car, you multiply the car’s P11D price (list price including optional extras, VAT and delivery charges, less the first-year registration fee and annual road tax) by the percentage BIK band the car sits in. The BIK band is determined by the CO2 emissions of the vehicle. The actual figure you’ll pay is this number multiplied by your income tax band of 20% or 40%.

To allow for easy comparison of vehicles by BIK rate, save yourself a headache and use our BIK rate calculator.

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