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 ...

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 ...

The company car tax calculator enables you to calculate costs of your company car as an employee. Select from the boxes below to understand the benefit in kind tax charges, running costs such as ...

diesel and electric cars from today. Chancellor Rachel Reeve announced changes to Benefit-in-Kind tax (BiK) rates in her autumn budget, meaning thousands will pay more to travel on the UK’s roads.

The decision means owners no longer receive favourable benefit-in-kind rates for owning a double ... Usually they apply on a salary sacrifice car scheme. Article continues below ADVERTISEMENT ...

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 ...

the Tesla Model 3 makes a lot of sense as a company car, because its lowly 2% benefit-in-kind tax rating makes for pleasingly small monthly salary sacrifices. But why should you choose one over ...

Shifts in UK Benefit-in-Kind (BIK) tax rules mean these vehicles, previously classed as 'vans', are now taxed as company cars – thrusting tax liabilities skyward, with some drivers potentially ...

Owing to new Benefit-in-Kind (BIK) taxation regulations, these vehicles will no longer be recognised as vans but as company cars. And this is set to greatly increase the tax burden on their owners.