So I am replacing my lease car. I know the amount on the quote as sacrifice is the amount deducted gross from my wage.
but where I am confused is the car tax liability figure
my current car payslip says taxable value is 815 and tax will be charged at current rate (which is mostly 20% but I do get in to 40% now (thanks fiscal drag)
the quote for the new car says a sacrifice figure which is slightly higher so I get more comes out at source.
And then it says car tax liability 270
so is that the amount of tax I will actually pay?
looking at a benefit in kind calculator I think that might be slightly less than I pay now but by no means sure!
please send help