As a minimum you need to fill in the amounts of the monthly allowance and PCP. Detailed figures for AMAPS, Insurance and Servicing are important. You can play with the figures to see how sensitive the decision is.

Your Details
Monthly Allowance Over how many months do you want to run the comparison?
Monthly PCP/PCH Payment
Annual Private Mileage When would you like the contract to begin?
Annual Business Mileage
At what rate do you pay tax? 20% 40%
Does your employer pay for private fuel use? Yes No
Driver's view
Company car overall cost £2,806   Personal allowance
overall cost		 £4 

Car benefit

£1,018

Company Car Tax £1,018
    Tax year 2013-14 £222 
    Tax year 2014-15 £321 
    Tax year 2015-16 £370 
    Tax year 2016-17 £105 

Fuel benefit & cost

£1,788

Fuel benefit Tax £1,788
    Tax year 2013-14 £380 
    Tax year 2014-15 £560 
    Tax year 2015-16 £659 
    Tax year 2016-17 £190 
Private fuel cost £0

Personal contributions

£0

Capital contribution £0 
Regular contributions over 36 months £0 

Finance details

£0

Allowance total (£0)
Tax on allowance £0 
National Insurance £0 
PCP payment total £0 

Fuel

£3,279

Cost of private fuel £1,639
Cost of business fuel £1,639

Business mileage reimbursement (AMAPS)

(£6,750)

First 10,000 miles rate p
Over 10,000 miles rate p
Total Reimbursement over 36 months (£6,750)

Mileage allowance relief

£0

To be claimed where the employer pays less than the AMAP rates.
First 10,000 miles
Mileage x 45p-45p x 20% £0 
Over 10,000 miles
Mileage x 25p-25p x 20% £0 
Sub-totals
Annual tax relief (£0)
Total for period (£0)

Insurance

£1,925

Annual Insurance fee £
Insurance total over 36 months £1,725 
Allowance for non-insured damage £

Service and Maintenance

£1,340

Service and maintenance  
    fixed cost per annum £
    over 36 months £600 
Service and tyres additional variable element per mile p
    over 30000 miles £600 
Other supplies over 36 months not covered by maintenance contract £
Breakdown & Recovery per annum £
    over 36 months £120 

Road Tax and MOT

£210

VED July 2014 £105 
VED July 2015 £105 
MOT/year after 3 years £0 
Employer's view
Based on above
company car option		 £8,195  Based on above
cash option		 £6,477 

Contract Hire

£0

Initial deposit (net) x
Monthly deposit (net) x
Subtotal of payments £0 
Non-reclaimable element of VAT @ 10 % £0 

Fuel costs

£3,006

Business fuel (net) £1,366  
Private fuel £1,639  

Class 1A Nic

£1,936

Car benefit £702 
    N.I. 2013-14 £153 
    N.I. 2014-15 £221 
    N.I. 2015-16 £255 
    N.I. 2016-17 £72 
Fuel benefit £1,234 
    N.I. 2013-14 £262 
    N.I. 2014-15 £386 
    N.I. 2015-16 £454 
    N.I. 2016-17 £131 

Personal contributions

(£0)

Capital contribution £0 
Regular contributions over 36 months £0 

Insurance

£1,925

Annual Insurance fee £
Insurance total over 36 months £1,725 
Allowance for non-insured damage £

Service and Maintenance

£1,118

Service and maintenance  
    fixed cost per annum £
    over 36 months (net) £500 
Service and tyres additional variable element per mile p
    over 30000 miles (net) £501 
Other supplies over 36 months not covered by maintenance contract £
Breakdown & Recovery per annum £
    over 36 months (net) £100 

Road Tax and MOT

£210

VED July 2014 £105 
VED July 2015 £105 
MOT/year after 3 years £0 

Allowance

£0

Allowance per month £0 
Total over 36 months £0 

E'ers NIC on Allowance

£0

Fuel

£1,366 

Cost of private fuel £0
Cost of business fuel (net) £1,366

Additional mileage reimbursement

£5,111 

First 10,000 miles
5000 x 45p £2,250
Over 10,000 miles
0 x 25p £0
Total Reimbursement over 36 months £6,750
Less: Gross costs of Business fuel (£1,639)

E'ers NIC on mileage reimbursement

£0 

First 10,000 miles
5000 x (45p - 45p) 0
Over 10,000 miles
0 x (25p - 25p) 0

Assumptions

  • Where tax rates for future years have not been announced, the latest current rates have been used, rather than estimates of future increases.
  • The Employer is VAT registered
  • NICs are based on standard rates for those in non-contracted out employment. (Table letter A)

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