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 ...

Company cars, whether sold through fleets or businesses, now account for a far greater share of new car sales than those to private individuals, and this percentage has only kept increasing in ...

"The BIK rates are set to rise by 1% in each tax bracket for every type of vehicle, with higher BIK rates for higher-emission ...

The benefit-in-kind tax (BiK) band for most plug-in hybrid cars is based on the electric-only miles the car is able to cover on a single charge. This is known as the all-electric range (AER ...

“Vehicles purchased from April 2025 will be classified as company cars for benefit in kind, capital allowances, and some deductions from business profits and subject to increased tax rates.

One of the most trusted utility vehicles for hard-working commercial use is an even better benefit-in-kind buy for orders placed before April 6 2025.

British workers with a certain type of vehicle will be hit with major car tax rises under new changes set to come into effect from the Spring. In April, benefit-in-kind rules for petrol ...

A Benefit in Kind (BIK) refers to any non-cash benefit ... Common examples include company cars, private healthcare, subsidized housing, or discounts on goods and services. These benefits are ...