Benefit in Kind

[cas42]

Tax year 2010/2011 - Employee given a company car with a benefit in kind of £5000. How do I work out what the extra monthly PAYE will be? Thanks for any advice.

[emeritus]

This should help you to work it out

http://www.hmrc.gov.uk/calcs/cars.htm

[cas42]

Thanks emeritus - this was a great help.

[dzug2]

I think the answer you may need is <,you>> don't calculate it - the taxman does through the employee's tax code which you then apply