HMRC has released the latest advisory fuel rates (AFRs), which will come into force from September 1st 2019. Diesel Diesel company cars with an engine of 1,400cc or less will remain the same as the previous rate and diesel cars with engines of above 2,000cc will also go unchanged from previous rates. The AFR for diesel… Read more »
News Category: BIK
Government takes charge to simplify EV usership
Last month the government announced plans to make it compulsory for every new home in England to come with a home charging point, and by spring 2020 all-new rapid charge points must be required to take payment by contactless debit or credit card – something so simple, but rarely possible with the current infrastructure. EV… Read more »
Negative BIK equals Positive news for EV company car drivers
Company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21 but with infrastructure still in its infancy, is now the right time to move your business into Electric Vehicles? News that HM Treasury has scrapped previously published BIK rates for 2020/21 has given EV company car drivers some very… Read more »
Which cars beat the 4% BIK diesel supplement?
The Real Driving Emissions Stage 2 (RDE2) was introduced to capture a ‘real-world’ view of a car’s performance. The start of the new WLTP emissions testing procedure last year impacted all road users including company car drivers, having implications on company car choice and tax rates. WLTP also introduced the on the road Real Driving… Read more »