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If you take the company car, you pay benefit in kind tax based on the list price of the car and a multiplier related to the CO2 output of the model of car.
Quite a few calculators around, like this one:
https://comcar.co.uk/companycar/tax/select/
Obvs if you take the cash, it is taxed as salary.
ChasnotRobert-
Cheers.
The difference over 4 years is huge - £27k Vs £16. If the choice of car was more suitable, id consider it.
£27k to own a cooking spec mhev golf v £16k to keep the waftobarge (interestingly, which is about what it costs to run*)
*I don't count the mileage I get reimbursed, as that is the secret mgb/hifi/guitar fund
BRM
anyone have a company car?
i have the option of taking one. pretty shit options, tbh. £23k. <130g/km. < a year old and <10k miles, diesel/hybrid
if i take this, rather than a £5100 allownace, do i then pay tax on top of the car?
ie, after two years, i'd be up approx £6k (net) plus the tax i would have paid as benefit in kind if i didn't tke the car?