So, if your company car has a P11D value of £30,000, emits 120g/km of CO2 (which puts it in the 29% BIK bracket – see table below) and you pay tax at 20%, you need to do this calculation: £30,000 x 0.29 x
Company car, van or pick-up truck – conclusion So, unless you choose an electric orPHEV company car, a pick-up truck or a van will cost you less in BIK tax each month. That flat rate of £66 per month is much lower than you would pay on a diesel or petrol-powered compa...
Erwin Boumans (BDO): These changes are another step towards the greenification of company car fleets, but won’t be sufficient. Even with this new calculation method, diesel cars still have an advantage because of the use of CO2 emissions as sole criterium with only a coefficient to adapt ...
However, that price does include the cost of options, so if you get all a bit “want, want, want” with the options list, the car will cost more, and therefore, so will the amount you’ll have to pay inBIK taxeach month. Are those ventilated leather seats and quad-zone climate con...