How much BIK will this car be?

[Bounce]

Mercedes C Class C300de AMG line night edition Premium 4dr 9g Tronic Saloon
Co2 Emissions 39
p11d Value : 48,535.00
Registered 10/9/2020
Hybrid Diesel

 

[[TW]Fox]

10% of the P11d value. Rising by 1% each year.

 

[Bounce]

10% of the P11d value. Rising by 1% each year.

So 4,853 a year? = £404 a month?

 

[Kenai]

Mercedes-Benz C-Class Saloon C 300 de EQ Power AMG Line Night Edition Premium 9G-TRONIC PLUS

Tax year to 5th April    2020/21    2021/22    2022/23
P11D value               £47,850    £47,850    £47,850
Percentage charge        10%        11%        12%
Benefit in kind          £4,785     £5,264     £5,742
Tax payable at 20%       £957       £1,053     £1,148
Tax payable at 40%       £1,914     £2,105     £2,297

P11d value there is slightly different but guessing you've added an option or something - it's a minor difference anyway, won't make massive differences.

If you hover over the border of 20% to 40% tax you'll pay somewhere in the middle of the two figures.

 

[Havana_UK]

So 4,853 a year? = £404 a month?

No, that's the amount you'll pay income tax on.

 

[[TW]Fox]

Yes £4853 a year but no, not £404 a month.

You'll pay either 20% or 40% of the 4853 a year dependant on your income tax bracket.

 

[Jimbeam3678]

There are quite a few websites which can work this out for you...

 

[booyaka]

There are quite a few websites which can work this out for you...

Including HMRC's own website.

 

[Jimbeam3678]

Including HMRC's own website.

There are also others which are more user friendly