How does company car tax work?

[Haighermeister]

I understand that this sounds like a massive noob question....

I'm trying to deicde whether to have a company car with the new job I may be getting.

There is a 2k pay difference between having a car and not (less if you have a car)

I am told that i am taxed on the car I have, and that different cars have different rates....

I have to have a Renault. Is it basically down to how much the car costs?

Sorry for the retard questions. I'm just weighing up having something half decent (like a Laguna Coupe Monaco) or something filthy cheap (Clio DCi)

Cheers

[Deva Link]

Haighermeister said:

I have to have a Renault.

Sorry.

http://www.bmw.co.uk/bmwuk/bmwcorporate/sales/comm...

[Haighermeister]

It's a downside of working for Renault I suppose

[Haighermeister]

Er, just found a calculator om the Renault site so this can go now if you like :P

[nammynake]

Top 3 in What Car magazine's hot hatch of the year:

RenaultSport Twingo 133
RenaultSport Clio 200
RenaultSport Megane 250

I can think of worse manufacturers to be tied to!

[dave9]

comcar.com mate

your tax code is changed so effectively you pay more income tax. a cheapo clio should cost someone earning less than 44k ish about £50 per month in company car tax

a laguna monaco maybe (off the top of my head) £150 per month.

but, you get a free car, free insurance, free servicing, free tyres etc so a company car is still a very good perk

[JamesNotJim]

It really depends on what sort of business mileage you do. Also what rate you get charged for personal use if any.

A company car is not always a perk.

[Eric Mc]

The taxable benefit in kind is based on two main factors -

the list price of the car when new

the CO2 emmission level