What is my car’s P11D value? Is it different from its On The Road (OTR) price?

What is a P11D value?

The P11D value of a car is the list price, including VAT and delivery charges, but  not the first registration fee or annual road tax.

What is an On the road (OTR) price?

An On The Road (OTR) price is the price that you pay for a new car including the value of the vehicle, plus the first registration fee and the first year of tax, as well as additional costs such as number plates and delivery charges.

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