3 Steps to controlling and reducing your Fleet & Business Mobility spend in 2021!
Did you know that the typical company vehicle costs a business over £8,000 a year?
HMRC Tax BIK Calculator
To determine what the exact nature of your BIK try using this calculator provided for HMRC it will do it for you? -
Questions you may ask:
- Where can I find my exact tax liability for a vehicle?
- What information do I need to supply to get the information?
- How accurate is the information?
How does it work?
HMRC supply this free self serve tool for you to determine your tax liability for this tax year or previous tax years.
You will however need to input the data in yourself to get the right result. Have a go!
The information provided is based on existing and proposed legislation as at March 2020 (11th March 2020 UK Budget). Whilst every effort has been made to ensure that information given is accurate and not misleading, this information is intended to provide a quick reference to the current tax regulations relating to company vehicles and how they impact employers and employees. The content has been provided for informational purposes only and should not be relied on as a substitute for professional advice. No responsibility can be accepted by LetsTalkFleet Ltd for any loss or liability occasioned by any person acting on or refraining from action as a result of viewing this information.
