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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I earn £4237.92 before tax each month and use a company car

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I earn £4237.92 before tax each month and use a company car at a value of £35k, what would I expect to pay in Tax each month

Hello and welcome to the site. Thank you for your question.

Please advise vehicle CO2 emissions figure and fuel type (petrol or diesel)

Many thanks

Customer: replied 3 years ago.
Diesel , Co 2 136 , cost of. Vehicle is £33775

David, thank you for your reply and for additional information...

Car benefit charge for the full year based on information provided will be £7,768 (monthly equivalent £747).

Your total gross monthly income inclusive of benefit in kind becomes (4,238+747) £4,885.

Gross pay = 4,885
Tax free pay = 833.33
Total taxable = 4,051.67
Tax due = 1,089.58
Employee NI = 366.97
Total deductions = 1,456.56
Net pay = £3,428.44

More information on car benefit calculations can be found here

http://www.hmrc.gov.uk/calcs/cars.htm

I hope this is helpful and answers your question.

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