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Originally Posted by LSainsbury
No - they are for company cars. I have a monthly car allowance...not a company supplied vehicle.
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You may find something here, the rules for this changed in April 2017 so you will have to read more on that page to see if it helps.
https://www.clm.co.uk/company-car-tax/
Quote:
Cash allowance change example
For a petrol car emitting 120 g/km with a P11D value of £15,000, the tax for 2016/17 would currently be due at your highest tax rate on £3,150 (list price of £15,000 x 21%). If your marginal rate of tax was 40% you’d end up paying £1,260 in tax. Your employer would also pay class 1A NIC on the same value.
If you had the option of taking a cash alternative of £4,000, under the new rules this would be taxed rather than the £3,150. So the tax you’d actually pay would go up from £1,260 to £1,600.
However, if the cash allowance was £3,000 the tax you’d pay would be calculated on the £3,150 as before.
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There is also a cash allowance calculator here.
https://comcar.co.uk/cashorcar/