Company car tax

 
Company car tax

driving car

When a company car is made available for the private use of an employee a taxable 'benefit in kind' (BIK) value is calculated in relation to the car.

You can get an estimate of your tax for the next few years by downloading our tax calculator Excel spreadsheet.

Enquire about company car tax

An electric vehicle charging

Vehicles with low or zero emissions

Electric and hybrid vehicles can have slightly different Benefit-in-Kind (BIK) tax rates and tax benefits. For example fully electric vehicles are exempt from Vehicle Excise Duty – otherwise known as road tax.

Current company car BIK rates start at:

  • 0% for pure-electric models
  • 3% for new PHEV models
  • 21% for the greenest hybrids
  • 23% for any car with 100 g/km CO2 or more