BMW M3 3.0 BiTurbo 510 StopStart EU6 Competition Steptronic - 2022MY

  • P11D (£)3 £74,260
  • P11D (£) of Options £0
  • CO2 Emissions (WLTP Combined g/km)1 223 g/km
  • MPG2 28.8 mpg
  • Power (PS) 510 ps
  • Insurance Group 41
  • 0-62 3.9 secs
  • Top Speed 155 mph

Monthly Car Tax Liability

  Monthly Car Tax Liability
Tax Year BIK % BIK Value 20% Tax Rate 40% Tax Rate 45% Tax Rate
2021/22 2021/22 37% 2021/22 £27,476 2021/22 £458 2021/22 £916 2021/22 £1,030
2022/23 2022/23 37% 2022/23 £27,476 2022/23 £458 2022/23 £916 2022/23 £1,030
2023/24 2023/24 37% 2023/24 £27,476 2023/24 £458 2023/24 £916 2023/24 £1,030
2024/25 2024/25 37% 2024/25 £27,4764 2024/25 £458 2024/25 £916 2024/25 £1,030

Monthly Car Tax Liability

Free Fuel Monthly Tax Liability

  Monthly Car Tax Liability Free Fuel Monthly Tax Liability
Tax Year 20% Tax Rate 40% Tax Rate 45% Tax Rate BIK Value 20% Tax Rate 40% Tax Rate 45% Tax Rate
2021/22 2021/22 £458 2021/22 £916 2021/22 £1,030 2021/22 £9,102 2021/22 £152 2021/22 £303 2021/22 £341
2022/23 2022/23 £458 2022/23 £916 2022/23 £1,030 2022/23 £9,102 2022/23 £152 2022/23 £303 2022/23 £341
2023/24 2023/24 £458 2023/24 £916 2023/24 £1,030 2023/24 £9,102 2023/24 £152 2023/24 £303 2023/24 £341
2024/25 2024/25 £458 2024/25 £916 2024/25 £1,030 2024/25 £9,102 2024/25 £152 2024/25 £303 2024/25 £341
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Personalise Your Tax Calculation

Illustration based on your selected tax band of 0% with free fuel and 0 private miles per annum.

For the BMW M3 3.0 BiTurbo 510 StopStart EU6 Competition Steptronic, you would be £0 a month better off without free fuel based on your current mileage (assumes 28.8 mpg and a pump price of 135.2 pence per litre). To benefit from free fuel you need to drive at least 0 private miles in the current tax year.

For the BMW M3 3.0 BiTurbo 510 StopStart EU6 Competition Steptronic, you are £0 a month better off with free fuel based on your current mileage (assumes 28.8 mpg and a pump price of 135.2 pence per litre). If your private mileage falls below 0 miles in the current tax year you will be better off without free fuel.

Please select your income tax rate.

Personalise Your Tax Calculation

Capital contributions made by an employee towards the cost of the car and/or accessories reduce the price of the car for tax purposes up to a limit of £5,000.

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Personalise Your Tax Calculation

Payments made to the employer for the private use of a company car are deducted from the car benefit charge after taking into account periods of unavailability. To qualify as a deduction:

  • There must be a requirement in the tax year to make payments as a condition of the car being available for private use.
  • The payments must be specifically for that private use.
  • The payments must actually have been made.
  • Payments for supplies or services, such as petrol or insurance, do not count.

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Personalise Your Tax Calculation

For the 2021/22 tax year, the Government set figure for calculating the tax due on employer-provided free fuel for private use in a company car is £24,600. To calculate the tax, you need to know the Government set figure for fuel benefit tax, the car's combined fuel economy in mpg, BIK tax percentage, the price of fuel used and the driver's marginal tax rate.

Example: BMW 1 Series 118 Hatch 5Dr 2.0d 150 StopStart EU6 SE LCP Auto, 58.9 mpg, 29% BIK, 126 g/km CO2.

  • The 2021/22 Government scale charge is £24,600.
  • The 2021/22 tax percentage for this model is 29%.
  • £24,600 x 29% = £7,134 free fuel BIK value.
  • £7,134 equates to £2,854 annual tax liability for a 40% tax payer.
  • £2,854 will pay for 503 gallons of Diesel for a 40% tax payer (£2,854 divided by the price for a gallon of Diesel, £5.67 in April 2021).

Break even mileage is therefore 29,653 for a 40% tax payer (503 gallons x 58.9 mpg). For a 20% tax payer the break-even mileage is 14,826.

  • If the number of private miles you cover is less than the break-even mileage, consider paying for the fuel yourself as it will cost less than your tax liability.
  • If the number of private miles you cover is greater than the break-even mileage, you are better off paying the tax.

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Vehicle data is provided by KeeResources' KWIKvehicledata for information purposes. All content has been put together with the greatest possible care. KeeResources Ltd. cannot be held liable for the information or prices contained being free of errors, correct, and accurate. No guarantee can be provided nor liability accepted. VED, New Registration Fees, CO2 and performance figures may change depending on list price, selected options and accessories respectively. Vehicle specifications may vary and should be confirmed prior to purchase. BIK values are guidance only of taxation payments applicable to company car and commercial vehicle users. All vehicle data shown is valid until the end of November 2021.