Company Car Calculator 2024/24. When organisations provide a car as a benefit to their employees, hmrc class it as a benefit in kind (bik) and as a result, drivers need to pay a company car tax. The rates will be 3% for 2025/26, 4% for 2026/27 and 5% for 2027/28.
Find the revised hmrc advisory fuel rates from 1 december 2024, and how they apply to company car travel for business and private use. Autumn statement 2023 announced that the car and van charges will be frozen in tax year 2024/25 at 2023/24 levels.