Company Car vs Own Car
Discussion
Yes they'll increase but still represent great value compared to the diesels, which are also going up.
Rates on my current C class stand at 24% this tax year, 26% in 18/19 and then 29% in 19/20. The equivalent hybrid (49gkm) is 9% this year, 13% next year and 16% in 19/20.
So company car drivers in my position can choose to pay an amount rising to nearly a third of the P11d value (tax at 20 or 40%) or a ridiculously low amount now rising to 16%.
They might not be everyone's cup of tea but it's hard to ignore the value from a company car tax perspective. I've seen people who have their fuel covered (as per the OP) who don't even bother to charge them and they're still up each month compared to the alternatives.
Rates on my current C class stand at 24% this tax year, 26% in 18/19 and then 29% in 19/20. The equivalent hybrid (49gkm) is 9% this year, 13% next year and 16% in 19/20.
So company car drivers in my position can choose to pay an amount rising to nearly a third of the P11d value (tax at 20 or 40%) or a ridiculously low amount now rising to 16%.
They might not be everyone's cup of tea but it's hard to ignore the value from a company car tax perspective. I've seen people who have their fuel covered (as per the OP) who don't even bother to charge them and they're still up each month compared to the alternatives.
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