We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time
The start point for the best source of fleet information |
Drivers of plug-in hybrid and other ultra-low emission vehicles will be subject to a reduced BIK payment from next month, though the news will disappoint the business car industry that was calling form these vehicles to be exempt from benefit-in-kind tax, as will be the case with electric vehicles.
From next month until April 2015, the chancellor confirmed that vehicle emitting between 1-75g/km of CO2 will be subject to a lower banding. "The percentage of list price subject to company car tax will be halved for cars emitting between 1 and 75 g CO2 per km," read the Budget statement, which means vehicles such as Vauxhall's 40g/km plug-in hybrid Ampera would be in a 5% BIK banding. Pure electric vehicles without any internal combustion engine back-up will be eligible from a BIK exemption for the same period, and it had been hoped that the likes of the Ampera would be given a similar allowance.
BusinessCar magazine ©2019
Business Car Magazine © 2020 | Business Car is part of NS Media Group.
