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Tag : Benefit in Kind

Bring 2% BiK rate forward to 2019, say leading firms

9 months ago / 1 comments

Addressing the cliff-edge in company car benefit-in-kind (BiK) tax rates and bringing forward the 2% rate to 2019/20 could help drive ULEV uptake.

Fleets need stronger links to Government, expert warns

9 months ago / 0 comments

The fleet industry needs stronger links to Government to avoid a repeat of the current ‘breakdown in communication’ that’s causing confusion among decision-makers, according to mid-term … Read More »

Scottish company car drivers to be hit by higher BiK rates

1 year ago / 0 comments

Company car drivers who are resident in Scotland will be hit by larger increases in Benefit-in-Kind rates from 6 April, as new income tax rates are … Read More »

Budget announcement on WLTP brings stability but BiK will still imminently rise

1 year ago / 0 comments

Confirmation in last week’s Budget that VED and Company Car Tax (CCT) will continue to be based on computer-generated NEDC (New European Driving Cycle) fuel economy and CO2 … Read More »

HMRC confirmation on salary sacrifice to cut costs for fleets

2 years ago / 0 comments

Fleets and drivers are to save money on salary sacrifice schemes following HMRC confirmation on how the new Optional Remuneration Arrangements (‘OpRA’) legislation should be applied.

Government publishes company car tax bands for 2020/21

2 years ago / 0 comments

HMRC has published draft legislation on company car tax bands for the tax year 2020 to 2021, illustrating its plans to introduce bands for lower-emission cars … Read More »