Quick company car tax calculation

[brianb]

I'm looking at taking a different position within my company with far greater potential/prospects however its slightly less money (unless I can negotiate) and ill be required to got with a company car, therefore loosing the "free" company van I'm currently using

Could someone please work out how much worse off ill be based on the following stats
Current salery £28750
Proposed salery £27000
Company car say for argument sake a 13plate vauxhall corsa 1.3cdti 110g/km

[hyperblue]

Assuming P111D value of £14,715 (from Comcar.co.uk) you'll be taxed on £2502 BIK which at 20% rate is £500/year.

[4lf4-155]

What do you want to know?

How much tax is due on that vehicle or how much tax you will pay - they are different things.

What's your tax code?

[brianb]

Sorry but I'm completely new to the whole company car subject, how much does that actually make me worse off per month?

Tax code is 947l (I think)

[4lf4-155]

brianb said:

Sorry but I'm completely new to the whole company car subject, how much does that actually make me worse off per month?

Tax code is 947l (I think)

Do you have the co car already? If not then the above calc is all you need to know.

Edited because i miss read your OP.

car will cost £60 a month in tax and your salary will drop by approx £120 a month making you £180 a month worse off

Edited by 4lf4-155 on Tuesday 27th August 20:54

Edited by 4lf4-155 on Tuesday 27th August 20:58