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 speaking to our team or taking a look at the information provided by the HMRC here: HMRC Car Tax Calculator
Enquire about company car tax
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