Estimated annual tax savings

TAX BENEFIT (list not exhaustive) EMPLOYEE COMPANY
 
Benefit-in-kind tax (calculated as 10% of car value, about 70% lower than cash) £1200  
 
National Insurance tax (approximately 70% lower due to lower calculated benefit-in-kind)   £400
 
VAT (50% of lease/hire payments are VAT deductible)   £600