Fleet users looking for full visibility of tax rates for new cars for the next four years can enjoy the benefits of the updated Fleet News company car tax calculator.
The calculator has been updated with increased functionality to better prepare fleet decision-makers with the anticipated running costs for their chosen vehicles.
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Company car drivers are facing the prospect of significant tax rises over the next four years following new benefit-in-kind (BIK) tax rates announced in the 2024 Budget.
The biggest impact is set to be felt by those choosing an electric or plug-in hybrid car.
The rate for zero-emission vehicles increases from 4% in 2026 to 9% in 2029. For plug-in hybrids, a blanket rate of 19% will apply by the end of the decade.
These changes could have serious implications for drivers choosing a new car this year.
With the enhanced company car tax calculator tool, users now get full visibility of the tax liability for all new cars from now until 2030 for a year and monthly – offering a significantly more long-term view than the previous version’s one-year projections.
Matt de Prez, content editor – vehicles at Fleet News, said: “Benefit-in-kind tax rates are changing significantly over the next four years and plug-in hybrids, which are particularly popular on fleets, face the biggest rises.
“Drivers could see their monthly liability more than double in the duration of a typical four-year lease, so it’s imperative they are aware of the changes before they commit to a new car.”
Features
Users will now be able to see at a glance how BIK tax changes year-on-year for a chosen vehicle and compare two vehicles over the full operating cycle, not just the current tax year.
Specific comparisons (including tax band selection) will be free to share via URL – enabling you to keep your whole team appraised of what to expect from your chosen vehicles across their operating cycle.
How to use the car tax calculator
- Select the operating cycle you are considering (how long you will have the car in years and the amount of miles you will drive it for).
- Choose the manufacturer, make and model of your chosen vehicle.
- If you want to compare against the tax rates of another vehicle, choose its manufacturer, make and model.
Your results will display automatically, and allow you to select your chosen tax bands for a clear view.
Example
Volkswagen Tiguan eHybrid Match
2026/27
BIK rate – 7%
Monthly company car tax cost (20% taxpayer) – £50
2029/30
BIK rate – 19%
Monthly company car tax cost (20% taxpayer) – £135
Tesla Model Y RWD
2026/27
BIK rate – 4%
Monthly company car tax cost (20% taxpayer) – £28
2029/30
BIK rate – 9%
Monthly company car tax cost (20% taxpayer) – £63
Use the updated company car tax calculator today for a long-term view of your chosen vehicle’s taxes, and how they compare to other models.
