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Benefit in kind tax . When a company gives you something that covers personal use, you have to pay tax on the benefit It’s called benefit in kind tax and is disclosed on a p11d So for a car, you need the p11d value of the car, it’s a predetermined amount and won’t always relate to the purchase price. You take the p11d value of the vehicle and then multiply it by the BIK rate, add that to your income and then pay your tax rate on it, if you earn under £50k, with this amount added its 20% or 40% i
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