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

If you have bought a private car you have probably already encountered OTR prices. An OTR price includes the value of the vehicle plus the first registration fee and its first year’s tax. The P11D value, unlike OTR, does not include VED tax. The P11D value is the official listed value of your vehicle, plus VAT.

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