FOR IMMEDIATE RELEASE
Aaron Wallis launches Company Car or Car Allowance Calculator as Budget confirms 55p mileage rate
- Free tool shows employees and employers the true cost of each option under 2026/27 HMRC rates
MILTON KEYNES, 3 November 2026. Aaron Wallis Sales Recruitment has today launched a free Company Car or Car Allowance Calculator. The tool is designed to support anyone offered a choice between a company car and a car allowance in deciding which option suits them best, by showing what each one costs after tax.
The calculator uses the latest HMRC rates for the 2026/27 tax year, including company car tax (benefit-in-kind) bands, National Insurance and the new 55p mileage rate. Users enter their salary, the allowance on offer and the company car's list price, fuel type and CO2 emissions. The calculator then produces one figure: the monthly budget their own car needs to come in under for the allowance to be the...