Company Car Benefit Calculator 2024/24. Learn how to work out the cost using the car’s benefit in kind (bik) rate, the fuel charge multiplier, and your income tax bracket. If you have a company car as a benefit from your job, which you can use privately (outside of work), you will have to pay benefit in kind (bik) tax.


Company Car Benefit Calculator 2024/24

Figure 1 shows the number of recipients of car benefit and the total taxable value of company cars by year. Company car benefit and company car fuel benefit.

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