Company car tax and your next company car, how does a Jaguar XF 2.0 Diesel R-Sport sound?
Firstly, what is the BIK for the Jaguar.
The P11D is actually a form that is filled out by employers, used to disclose the value of a car that is used by a member of staff. That figure is used to calculate the amount of company car tax that you will be due to pay. It is made up of the list price, including VAT, plus delivery charges. It should not include the first registration of its annual road tax. In the case of our Jaguar, it is £36,375
|Tax year to 5th April||2018/19||2019/20||2020/21|
|Benefit in kind||£11,276||£12,368||£12,731|
|Tax payable at 20%||£2,255||£2,474||£3,546|
|Tax payable at 40%||£4,511||£4,947||£5,093|
If you also have fuel paid for, then you will also pay fuel benefit tax.
|Tax Year to 5th April||2018/19||2019/20|
|Benefit in kind-fuel||£7,254||£7,956|
|Tax payable at 20%||£1,451||£1,591|
|Tax payable at 40%||£2,902||£3,182|