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Is the P11d value different to the On The Road (OTR) price?

Frequently Asked Questions

Is the P11d value different to the On The Road (OTR) price?

When you buy a brand new car, depending on the make and model, you generally see the On The Road price displayed. Most people will barter for a better price and you could be hundreds, if not thousands of pounds better off.

However the P11d price is official list price of the vehicle and this is what HMRC use to calculate your company car tax, so the more optional extras the car has the higher the potencial BIK will be.

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