HMRC’s online car and car fuel benefit calculator has been updated to include calculations for 2013-14

Super limousineIf you want to calculate how much your company car car will cost you from April 2013, HMRC’s updated calculator can be found at http://www.hmrc.gov.uk/calcs/cars.htm

It should be remembered that unless you are a high mileage driver or you drive a small fuel efficient car you may be better off owning your own vehicle and recharging your mileage to your employer.