Navigation Icon
Call Us Valuation EnquireEnquire SearchSearch
Company Car Drivers
Company Car Tax - What You Need To Know

A key element to consider when choosing a company car is the amount of tax it'll incur. You will pay tax on a percentage of the P11D value of the car. The benefit in kind (BIK) rate is worked out by the amount of C02 emissions the car produces. The lower the emissions, the lower the percentage. 

The amount you pay will then be 20% of this figure if you're a lower rate tax player, 40% if you're a higher rate payer and 50% if you earn over £150,000.

Why Hyundai Makes Sense

Choose Hyundai for your company car and you'll enjoy high levels of specification, impressive fuel efficiency and emission reducing technologies. The greener your car, the lower C02 emissions meaning you'll pay less tax.

How to Work out Your Company Car Tax

The benefit in Kind rate is the percentage of the car's value you can be taxed on and it's based on the C02 emissions of the car. That's why Hyundai's range of low emission cars cost you less in tax. Here's how it works: 

P11D Price x BIK Rate x Personal Tax Band = Annual tax you will need to pay. HMRC will advise you how this deduction will be made. 

  • Find your Car:

    Search

    0 Vehicles Advanced Search

    Help Me Choose

  • Receive our latest news and offers:
    Don’t worry we won’t bombard you with emails and you can refine your preferences at any time.

  • SUBSCRIBE

Contact Us: 220 The Radleys, Mackadown Lane, Birmingham, B33 0QR, Tel: 0121 788 2000

  • Worcester Carsales Ltd t/a Motorfair, is acting as a credit broker and not a lender. We can introduce you to a limited number of finance providers and may receive commission from them for the introduction.

    Reg Office: T Wall Garages High Street Pensnett Kingswinford DY6 8XB

    Reg. Company Number: 595935 We are also regulated by the Financial Conduct Authority (FCA) Registered number 303948

    VAT Reg. No. 274 7367 26

Buy Online Terms
Refund Policy
Car Rental Terms

Cancellation Policy

  • You have 14 days no quibble return policy except when you have altered the vehicle from standard Manufacturers specification (in this instance no return is possible under any circumstance). You must inform us in writing by post or email is acceptable to www.caboodlecodeco.uk.
  • £99 ONLINE Reservation Fee fully refundable.
  • New vehicle cancellation fee £500.
  • Used vehicle cancellation fee £250.
  • Holding deposit £250 kept until you return the Registration Document for the cancelled order.
  • You will be responsible for any Road Tax that we have paid for including extra charges that are payable upon registration of a new vehicle that are not refundable by the DVLA
  • £0.10 per mile charge(+VAT) for vehicle having covered more than 537 miles since purchase.