
Car benefit changes are calculated by multiplying the car list price (including VAT, options and accessories fitted, delivery to retailer and number plates but excluding Vehicle Excise Duty and new vehicle first registration fee) with the percentage charge for the CO2 emissions band in which the car falls (see table below). Your annual BiK tax liability can then be calculated by multiplying this fugre by your personal income tax rate (20% for Basic rate, 40% for Higher rate for 2008-09 tax year)
| CO2 emissions 139g/km | ||
| On-the-road price | £20,490 | |
| Deduct: | Vehicle Excise Duty | £120.00 |
| New Vehicle First Registration Fee | £55.00 | |
| Effective list price | £20,315 | |
| Add: | Optional metallic paint | £513.83 |
| List price for P11D tax purposes | £20,828.83 | |
| Car benefit charge | ||
| 2009-10 tax year (18%) | £3,749.19 | |
| Basic rate (20%) tax payer | £749.84 | |
| Higher rate (40%) tax payer | £1,499.67 |
This information is designed to assist you in assessing the Benefit-in-Kind tax on your new company car. However, Saab does not purport to offer tax advice to individuals, and recommends that all company car drivers consult their own accountant with reard to their particular tax position.
116 Colinton Road
Edinburgh EH14 1BY
T. 0844 856 0030
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Glasgow G5 8AW
T. 0843 357 2465
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Bellway Ind Est,
Newcastle NE12 9SW
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Perth PH2 8BP
T. 0843 357 2119
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