Tax & CO2 Emissions
Encouraging you to choose a more environmentally friendly vehicle
Company car tax is designed to do two things. Firstly, reflect the benefit of having access to a car for private use and secondly, to encourage drivers to choose more environmentally-friendly cars because the tax charged is directly related to the carbon dioxide level a car produces.
The Government has put green issues at the top of its agenda, so encouraging use of cars that reduce emissions helps the Government meet its environmental targets.
How does it work?
- You pay tax on a percentage of the value of your car, which is the new price published by the manufacturer, plus VAT, delivery, number plates and any optional extras. This is called the P11D value.
- You don't pay tax on the whole amount, just a percentage, which is decided by the carbon dioxide emissions of your car. To find this figure, you can either look at the car's V5, or use an official guide,
- The CO2 figure decides what percentage of the value of the car will be taxable, starting at 10% for 120g/km and rising to 35% for 235g/km.
- In 2010/11 the 15% band will move down 5g/km along with all bands above it, meaning the starting rate for the tax will be 130g/km.
Car Fuel Benefit Calculator
Click here to calculate your benefit.
Car CO2 Emission Figures
Click here to find the CO2 figures.
Why choose Benfield?
"Benfield have always strived hard to deliver a great service for us. They are very customer driven and communicate well"
David Hanson
Transport Manager, Northumbria NHS
"Jason Smith's attention to detail makes him one of the best customer relationship managers that I have come across. This was exemplified in our latest transaction with him where he found my wife a top quality Qashqai+2 and married it with a superb finance package. A true professional. No wonder we've used his services 3 times now!"
Dr. Alan Lowdon
Narec
