The benefit in kind (BIK) tax rate for company cars is set to rise for many vehicles, although low-emissions cars will not see a change in the near future.
Accounting and consulting firm Deliotte has compiled a list of the changes to this charge over the next three years, according to car emissions:
2011/12 | |
| zero emissions | unchanged at 0% |
| 75g/km or below | unchanged at 5% (8% for diesel cars) |
| 76-120g/km | unchanged at 10% (13% for diesel cars) |
| 121-129g/km | unchanged at 15% (18% for diesel cars) |
| 130-229g/km | 1% increase (petrol cars) |
| 130-214g/km | 1% increase (diesel cars) |
| 230g/km plus (petrol cars) | unchanged at 35% of list price |
| 215g/km plus (diesel cars) | unchanged at 35% of list price |
2012/13 | |
| zero emissions | unchanged at 0% |
| 75g/km or below | unchanged at 5% (8% for diesel cars) |
| 76-99g/km | unchanged at 10% (13% for diesel cars) |
| 100-104g/km | 1% increase (petrol and diesel cars) |
| 105-109g/km | 2% increase (petrol and diesel cars) |
| 110-114g/km | 3% increase (petrol and diesel cars) |
| 115-119g/km | 4% increase (petrol and diesel cars) |
| 120g/km | 5% increase (petrol and diesel cars) |
| 121-124g/km | unchanged at 15% (18% for diesel cars) |
| 125-224g/km | 1% increase (petrol cars) |
| 125-209g/km | 1% increase (diesel cars) |
| 230g/km plus (petrol cars) | unchanged at 35% of list price |
| 215g/km plus (diesel cars) | unchanged at 35% of list price |
2013/14 | |
| zero emissions | unchanged at 0% |
| 75g/km or below | unchanged at 5% (8% for diesel cars) |
| 76-94g/km | unchanged at 10% (13% for diesel cars) |
| 95-219g/km | 1% increase (petrol cars) |
| 95-204g/km | 1% increase (diesel cars) |
| 220g/km plus (petrol cars) | unchanged at 35% of list price |
| 205g/km plus (diesel cars) | unchanged at 35% of list price |
Read more about how tax changes will impact employers with company car schemes.
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