Fleet News1y
What is BIK (benefit in kind) car tax and how do I calculate it?
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 ...
Fleet News4mon
Which plug-in hybrid cars sit in the 5% benefit-in-kind tax band?
The benefit-in-kind tax ... in hybrid cars that attract the 2% rate. The 5% rate requires a car to have a range of more than 70 miles. The cars listed below all attract a 5% company car tax ...
What Car?10mon
SEAT Leon e-HYBRID: 5 reasons to pick it as a company car
That’s especially true when it comes to picking your next company car. This is a case where ... Then, factor in low benefit-in-kind (BIK) rates of 12% for the 2024/2025 tax year [1], a range ...
Autocar on MSN5mon
Top 10 best small company cars
The best small ... a useful saving in Benefit-in-Kind (BiK), the calculation that dictates the amount of salary you’ll have ...