Company Car Scheme
WHAT'S THE CHARGE?
Your Monthly Operating Cost depends on your vehicle selection.
You can get a quote either by logging onto the YourCar website, or by contacting the YourCar Team on 0845 246 0995.
The Monthly Operating cost is deducted from your ValueAccount and as such is a deduction from your gross salary.
You will have a Benefit in Kind tax liability and you are subject to full company car tax calculated at your marginal rate (your highest rate) of taxation. The tax payable is calculated using:
- The Benefit in Kind (BIK) price of the vehicle chosen under the scheme, This is the list price including any options chosen and manufacturers delivery cost.
- The CO2 emissions percentage for your vehicle. The higher the emissions the higher the percentage.
- Your marginal rate of tax.