2026 Company Car Tax
2026 Company Car Tax https://wvl.co.uk/wp-content/uploads/9.jpg 1600 1200 Anthony https://secure.gravatar.com/avatar/0ce9a76712b2ebb44190c51857fae37600a61d6fe57138c94dce31a727aa27ec?s=96&d=mm&r=gBenefit in Kind (BIK) / Company Car Tax
P11D value of the car (£) X BIK rate (%) X your income tax bracket (%) = BIK tax owed (£)
BIK rate:
|
CO2 (g/km) |
Electric range (miles) |
2024/25 (%) |
2025/26 (%) |
2026/27 (%) |
2027/28 (%) |
2028/29 (%) |
2029/30 (%) |
|
0 |
N/A |
2 |
3 |
4 |
5 |
7 |
9 |
|
1-50 |
>130 |
2 |
3 |
4 |
5 |
18 |
19 |
|
1-50 |
70-129 |
5 |
6 |
7 |
8 |
18 |
19 |
|
1-50 |
40-69 |
8 |
9 |
10 |
11 |
18 |
19 |
|
1-50 |
30-39 |
12 |
13 |
14 |
15 |
18 |
19 |
|
1-50 |
<30 |
14 |
15 |
16 |
17 |
18 |
19 |
|
51-54 |
|
15 |
16 |
17 |
18 |
19 |
20 |
|
55-59 |
|
16 |
17 |
18 |
19 |
20 |
21 |
|
60-64 |
|
17 |
18 |
19 |
20 |
21 |
22 |
|
65-69 |
|
18 |
19 |
20 |
21 |
22 |
23 |
|
70-74 |
|
19 |
20 |
21 |
21 |
22 |
23 |
|
75-79 |
|
20 |
21 |
21 |
21 |
22 |
23 |
|
80-84 |
|
21 |
22 |
22 |
22 |
23 |
24 |
|
85-89 |
|
22 |
23 |
23 |
23 |
24 |
25 |
|
90-94 |
|
23 |
24 |
24 |
24 |
25 |
26 |
|
95-99 |
|
24 |
25 |
25 |
25 |
26 |
27 |
|
100-104 |
|
25 |
26 |
26 |
26 |
27 |
28 |
|
105-109 |
|
26 |
27 |
27 |
27 |
28 |
29 |
|
110-114 |
|
27 |
28 |
28 |
28 |
29 |
30 |
|
115-119 |
|
28 |
29 |
29 |
29 |
30 |
31 |
|
120-124 |
|
29 |
30 |
30 |
30 |
31 |
32 |
|
125-129 |
|
30 |
31 |
31 |
31 |
32 |
33 |
|
130-134 |
|
31 |
32 |
32 |
32 |
33 |
34 |
|
135-139 |
|
32 |
33 |
33 |
33 |
34 |
35 |
|
140-144 |
|
33 |
34 |
34 |
34 |
35 |
36 |
|
145-149 |
|
34 |
35 |
35 |
35 |
36 |
37 |
|
150-154 |
|
35 |
36 |
36 |
36 |
37 |
38 |
|
155-159 |
|
36 |
37 |
37 |
37 |
38 |
39 |
|
160-164 |
|
37 |
37 |
37 |
37 |
38 |
39 |
|
165-169 |
|
37 |
37 |
37 |
37 |
38 |
39 |
|
170+ |
|
37 |
37 |
37 |
37 |
38 |
39 |
These rates apply to vehicles registered after 6th April 2021.
Income tax bracket:
|
Taxable income |
Tax rate |
|
Up to £12,570 |
0% |
|
£12,571 to £50,270 |
20% |
|
£50,271 to £125,140 |
40% |
|
over £125,140 |
45% |
If you have a company van, different rates apply. Click here (https://www.fleetnews.co.uk/tools/van/van-tax-calculator) for van tax calculator.
Advisory fuel rates
Petrol
|
Engine size (cc) |
Mean MPG |
Fuel price (per litre) |
Fuel price (per gallon) |
Rate per mile |
Advisory fuel rate |
|
Up to 1400 |
50.7 |
134.4 pence |
610.9 pence |
12.0 pence |
12 pence |
|
1401 to 2000 |
42.8 |
134.4 pence |
610.9 pence |
14.3 pence |
14 pence |
|
Over 2000 |
27.2 |
134.4 pence |
610.9 pence |
22.5 pence |
22 pence |
Diesel
|
Engine size (cc) |
Mean MPG |
Fuel price (per litre) |
Fuel price (per gallon) |
Rate per mile |
Advisory fuel rate |
|
Up to 1600 |
55.7 |
142.6 pence |
648.3 pence |
11.6 pence |
12 pence |
|
1601 to 2000 |
49.6 |
142.6 pence |
648.3 pence |
13.1 pence |
13 pence |
|
Over 2000 |
36.6 |
142.6 pence |
648.3 pence |
17.7 pence |
18 pence |
Electric
|
Charging location |
Electrical efficiency miles per kilowatt-hour (weighted by car sales) |
Electricity cost per kilowatt-hour (pence) |
Rate per mile (pence) |
Advisory electric rate |
|
Home charger |
3.59 |
25.72 pence |
7.16 pence |
7 pence |
|
Public charger |
3.59 |
52.00 pence |
14.47 pence |
14 pence |
