Company Car & EV Salary Sacrifice Calculator

Choosing how to provide a car is one of the biggest benefit decisions an employer or a company director makes – and the tax rules pull in different directions. A company car is taxed as a benefit in kind, electric cars are taxed very lightly but the rates rise every year, salary sacrifice saves tax and National Insurance but reduces pay, and a car allowance is fully taxed. This workbook puts the same car through every route, year by year for four tax years, and shows the net cost to the employee, the net cost to the employer and the combined cost after every tax, NI and tax relief.