How company car tax worksâ–º Benefit-in-kind (BIK) tax explainedâ–º Why CO2 emissions will cost you more Company cars, whether sold through fleets or businesses, now account for a far greater share of new ...
Benefit-in-kind (or BIK) is a tax on employees who receive benefits or perks on top of their salary. If you have a company car for private use, you will have to pay a BIK contribution, or company ...
Benefit in kind related to the P11D value of the car and the driver is liable to pay tax on a percentage of the P11D dependant on the co2 emissions of the car. Benefit in kind tax is designed to ...
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