HMRC has updated its company car and car fuel benefit calculator to reflect the April 2012 increase in the car fuel benefit multiplier.
The calculator ‘allows you to calculate the “benefit in kind” value of a company car [made available for private use] and, if appropriate the car fuel benefit [and] provides an indication of the income tax you would be liable to pay’.
HMRC has updated its company car and car fuel benefit calculator to reflect the April 2012 increase in the car fuel benefit multiplier.
The calculator ‘allows you to calculate the “benefit in kind” value of a company car [made available for private use] and, if appropriate the car fuel benefit [and] provides an indication of the income tax you would be liable to pay’.
