Motor Vehicle Fringe Benefit Calculator

A quick way to calculate the fringe benefit value of your company vehicle and the effect of changing your options.

Market Value at date of acquisition

Enter the value of the vehicle including Vat, but excluding any finance charges.
Date the vehicle was acquired / DD / MM YYYY
Enter the date the company first acquired the vehicle
Date you first got the use of the vehicle / DD / MM YYYY
Enter the date you were first granted the use of the vehicle
Was the vehicle purchased from a Vat vendor Yes No
If there was Vat paid by the company when purchasing the vehicle, this is excluded from the fringe benefit calculation.
If you get the use of more than one vehicle, is this the most expensive one? Yes No
The most expensive vehicle gets taxed at a lower rate than the cheaper one. Be careful not to mix the two up!
Type of vehicle Car or double cab Single cab or commercial vehicle
This does not affect your fringe benefit tax, but does affect the amount of Vat associated with the benefit.
About your travel
Approximate private distanced travelled in this tax period

This only has an effect if you travel less than 10,000 km per year privately. Otherwise just enter 10,000
You pay for: Private Fuel Maintenance
If you pay for maintenance and or private fuel, your fringe benefit tax will be lower.
In addition to the use of a company car, do you receive a travel allowance? Yes No

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