Company Car Drivers | Read Suzuki

Company Car Drivers

Company Car Tax - What You Need To Know

A key element to consider when choosing a company car is the amount of tax it'll incur. You will pay tax on a percentage of the P11D value of the car. The benefit in kind (BIK) rate is worked out by the amount of CO2 emissions the car produces. The lower the emissions, the lower the percentage.

The amount you pay will then be 20% of this figure if you're a lower rate tax payer, 40% if you're a higher rate payer and 50% if you earn over £150,000.

Why Suzuki Makes Sense

Choose Suzuki for your company car and you'll enjoy high levels of specification, impressive fuel efficiency and emission reducing technologies. Not only does our range have something for everyone, but will also have flexible finance options that will work for you, whether you are self-financing or funded by your company.

At Read Suzuki we can get you on the road in just 4 simple steps:

  • Select the model you are interested in
  • Use our tools to calculate taxes and monthly costs
  • Work with us to agree simple terms for your contract
  • Pick up the keys and drive away

What are the Benefits of Choosing Suzuki?

Driving a Suzuki for your business not only gives you access to our full range of award-winning vehicles, but you'll also enjoy benefits including:

  • Flexible finance solutions
  • Time saving tools to help with your finance calculations
  • Lower lifetime running costs
  • Access to our dedicated in-house business team
  • A no-fuss process from the start to the finish line

Why C02 Makes A Difference

The greener your car, the lower the CO2 emissions meaning you'll pay less tax.

How to Work out Your Company Car Tax

The Benefit in Kind rate is the percentage of the car's value you can be taxed on and it's based on the CO2 emissions of the car. That’s why Suzuki's range of low emission cars cost you less in tax. Here's how it works:

P11D Price x BIK Rate x Personal Tax Band = Annual tax you will need to pay. HMRC will advise you how this deduction will be made.