A company car is a vehicle provided by an employer, available for the private use of an employee or a member of their household. Vehicles may also include those provided under a leasing arrangement, but exclude motorbikes, invalid carriages, and vans or other commercial vehicles.
If your company provides you with a company car, you will need to pay tax on this benefit, including any 'free' fuel that might be provided for your own personal mileage. In this section, we take a look at the amount of tax you will have to pay, and investigate whether opting out of a company car scheme may be more financially beneficial.
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