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The chancellor has given the business car market clarity with regard to car benefit-in-kind charges until April 2017, but the industry is unlikely to like what it can now see.
There will be a one percentage point rise for all cars over 75g/km in April 2014, but in each of the next two years there will be a further two percentage point rise, which means the lowest BIK band in April 2016 will be 15%.
The higher point will also increase in April 2015 to a 37% banding for any vehicles over 209g/km, dropping to 200g/km or above in 2016.
The 3% BIK surcharge will also be removed for the 2016-17 tax year.
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