| Company car question 20:13 - Mar 26 with 918 views | pansypants |
Would a Mercedes really increase your monthly tax code by £500? |  |
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| Company car question on 20:15 - Mar 26 with 915 views | dgt73 |
And the rest. |  |
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| Company car question on 21:30 - Mar 26 with 855 views | mahoss |
Depends on the value of the car and the co2 level.
Unlikely to be anywhere near £500 |  | | |
| Company car question on 21:32 - Mar 26 with 851 views | pansypants |
| Company car question on 21:30 - Mar 26 by mahoss |
Depends on the value of the car and the co2 level.
Unlikely to be anywhere near £500 |
Are you saying more than £500? | |
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| Company car question on 21:37 - Mar 26 with 837 views | mahoss |
| Company car question on 21:32 - Mar 26 by pansypants |
Are you saying more than £500? |
If its a new Mercedes 2 Litre diesel for instance,co2 will be low.
Youre talking £100 - £150 | | | |
| Company car question on 21:39 - Mar 26 with 833 views | pansypants |
| Company car question on 21:37 - Mar 26 by mahoss |
If its a new Mercedes 2 Litre diesel for instance,co2 will be low.
Youre talking £100 - £150 |
Thank you for your input. Cheers | |
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| Company car question on 21:44 - Mar 26 with 826 views | mahoss |
| Company car question on 21:39 - Mar 26 by pansypants |
Thank you for your input. Cheers |
If you Google "how much company car tax will i pay"
Put the model in,it will tell you how much it will be | | | |
| Company car question on 06:10 - Mar 27 with 743 views | Cooperman |
There is a very good calculator at comcar.co.uk |  |
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| Company car question on 06:26 - Mar 27 with 739 views | Phil_S |
In short I think it would do. The taxable benefit on the Merecedes will be about £6k so therefore it will affect your tax banding by around £500 per month
This of course isn't the amount of tax you will pay by having the car which on £6k @ 20% would be around £100 per month |  | | |
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| Company car question on 10:17 - Mar 27 with 696 views | jack_lord |
Depressing reading. My car and tax benefit is increasing by 600 pounds in April :(. This is bad news as has been mentioned, one pay rise since 2005. |  |
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| Company car question on 14:26 - Mar 27 with 646 views | Swanjack10 |
| Company car question on 21:32 - Mar 26 by pansypants |
Are you saying more than £500? |
just get a bmx fella,you can spend sundays with max936 up cimla then, doing bunny hops everything  |  |
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| Company car question on 19:55 - Mar 27 with 604 views | pansypants |
| Company car question on 14:26 - Mar 27 by Swanjack10 |
just get a bmx fella,you can spend sundays with max936 up cimla then, doing bunny hops everything |
We'd be hammered on real ale!!! | |
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| Company car question on 23:01 - Mar 27 with 557 views | bankjack |
Tax codes & the actual amount you pay will be very different.
I looked at the new A class Mercedes a few months ago - tax cost each month was quoted as £99per month, & that's as a 40% taxpayer. If you earn less than approx. £41k you'll pay 20% tax on it i.e £50per month.
All the major car dealer websites will give a "benefit in kind" % rate. Take the list price of the car and take the % rate. Eg 20% benefit in kind rate of a list price of £20,000 is £4000.
The £4000 attracts tax at either 20% or 40% rate depending on your salary. which would mean a £800 per year cost or £1600 per year cost taken from your salary as part of your income tax by lowering your tax code.
I've had C class & an AudiA4 in the past & they both cost about £150pm. So cheaper than leasing or insurance & running costs!
Didn't go for the A class in the end, too small & poor driving experience, new golf hot hatch £110pm! (£55pm if 20% taxpayer) :) | | | |
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