sedsy Posted November 3, 2004 Share Posted November 3, 2004 Here goes. I currently have a company car which i have to pay for my own private mileage (besides the blag) and to be honest i am not sure how much tax per month i actually pay to have it. It is a beat up 306 DT I am looking into a new job which would give me a fully expensed company car (Focus/Mondeo size) so i would not have to pay for anything. Does anyone have a clue how much per month i would be taxed?? 18tdci Focus eg Quote Link to comment Share on other sites More sharing options...
studbuckle Posted November 3, 2004 Share Posted November 3, 2004 23% or 40% tax bracket? Quote Link to comment Share on other sites More sharing options...
sedsy Posted November 3, 2004 Author Share Posted November 3, 2004 Probably the lower bracket i think ! Salary about 28k Quote Link to comment Share on other sites More sharing options...
Boxerman33 Posted November 3, 2004 Share Posted November 3, 2004 I would imagine that the car alone will take you into the 40% tax bracket. Easy really, the emmisions figure on the car will give you the percentage of tax you pay on it's value. Thiank a new Mondeo is 15 or 16% (should be euro IV) So assuming that cars P11D value is 18K, you'll pay either 25% or 40% on a figure of around £2850.00. Fuel tax is now calculated on emmisons too, so you take 15/16% of the govts. figure of £14,400 and pay either 25% or 40% for that too. Hope it makes sense Quote Link to comment Share on other sites More sharing options...
JasonR Posted November 3, 2004 Share Posted November 3, 2004 With the TDCi engine you have to pay tax on 18% of the car value. SO if you get one worth about £16,000 that would work out at paying 23% tax on £2,880. So about £55 per month. Not sure on the figures for fuel tax, but I would guess it would be about the same again. Quote Link to comment Share on other sites More sharing options...
Boxerman33 Posted November 3, 2004 Share Posted November 3, 2004 With the TDCi engine you have to pay tax on 18% of the car value. SO if you get one worth about £16,000 that would work out at paying 23% tax on £2,880. So about £55 per month. Not sure on the figures for fuel tax, but I would guess it would be about the same again. All new cars SHOULD be Euro IV so it will be 15% (no 3% surcharge if Euro IV) It will be at least 25% !!! Quote Link to comment Share on other sites More sharing options...
studbuckle Posted November 3, 2004 Share Posted November 3, 2004 Vehicle model: Ford Focus Zetec TDCi 115 1.8, 5 dr, 5sp Man, Diesel CO2 emissions: 145 g/km Vehicle list price (including accessories): £14 185.00 2004/05 £561.73 £46.81 Quote Link to comment Share on other sites More sharing options...
sedsy Posted November 3, 2004 Author Share Posted November 3, 2004 Thanks guys for a very quick response Quote Link to comment Share on other sites More sharing options...
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