Source: HMRC Advisory Fuel Rates from May 2023 Advisory fuel rates - GOV.UK (www.gov.uk) BMW 320i M Sport Auto HMRC Company car tax rating for this vehicle is 34% for Tax years 23/24, 24/25 and 25/26 P11D cost BMW 320d SE Auto 2020 model = £40,545 (source: Parkers) ...
Yes, BiK is paid before tax is deducted from your salary. In the case of a company car, the vehicle is treated as taxable income, but not directly included in your salary. How do I report BiK to HMRC? It is the employer's responsibility to accurately report any Benefit in Kind to HM...
Chinese car manufacturing giant BYD will remove a controversial slogan from the majority of its cars in Europe, it has been announced. BYD is one of the world’s largest producers of electric vehicles, having surpassed Tesla for the EV delivery crown in the first quarter of 2023. While the ...
A Plug-in Hybrid Electric Vehicle, or PHEV, combines both an electric motor with a battery pack and a conventional internal combustion engine. PHEVs can be plugged in to charge their batteries, allowing for a certain amount of all-electric driving range. Once the battery is depleted, the veh...
Company car drivers can pick from several power sources, but some are easier and cheaper to run than others. Here are the pros and cons of petrols, diesels, hybrids, PHEVs and electric fleet cars...