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Budget 2012: Big change for BIK

Date: 21 March 2012   |   Author:

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.

Company car Benefit-in-Kind bandings
BIK % banding2011-12 (g/km)2012-13 (g/km)2013-14 (g/km)2014-15 (g/km) 2015-16 (g/km)2016-17 (g/km)
00000n/an/a
5n/a1-751-751-75n/an/a
10below 12176-9976-94n/an/an/a
11n/a1009576-94n/an/a
12n/a10510095n/an/a
13n/a1101051000-94n/a
14n/a11511010595n/a
15121-1291201151101000-94
1613012512011510595
17135130125120110100
18140135130125115105
19145140135130120110
20150145140135125115
21155150145140130120
22160155150145135125
23165160155150140130
24170165160155145135
25175170165160150140
26180175170165155145
27185180175170160150
28190185180175165155
29195190185180170160
30200195190185175165
31205200195190180170
32210205200195185175
33215210205200190180
34220215210205195185
35225220215210200190
36n/an/an/an/a205195
37n/an/an/an/a210200
• Round emissions down to the nearest figure
• For diesel models add three bands, up to a maximum 35% banding until the end of 2014-15 tax year, and 37% for 2015-16
• Pure electric cars rated at 0% BIK

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