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company van tax calculations

Company Van Tax Calculation

Renault Master Panel Van MM35 dCi 150 Business L2H2 Quickshift6 FWD

For a monthly paid driver on the PAYE system with the correct tax code, one twelfth of the appropriate amount of tax will be deducted from income via the monthly payroll.
For the above vehicle a company driver with private use can expect to pay tax on the following basis. If the company pays for private use of fuel, the fuel benefit tax section also applies.

Vehicle benefit tax

Tax year to 5th April2022/232023/242024/25
Benefit in kind£3,600£3,600£3,600
Tax payable at basic rate£720@20%£720@20%£684@19%
Tax payable at 40%£1,440£1,440£1,440

Fuel benefit tax

Tax year to 5th April2022/232023/242024/25
Benefit in kind£688£688£688
Tax payable at basic rate£138@20%£138@20%£131@19%
Tax payable at 40%£275£275£275

Vehicle Details

CO2 emission (gpkm) gpkm250
Engine Size2299
Fuel typediesel
Number of seats3
bodystylepanel
Transmissionautomatic
Fuel consumption (mpg) mpg40.4
Number of doors4
CV On the road price£35,675.00
Annual VED£290
Manufacturer price date01-Apr-2022

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.

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