Company car tax
Next Green Car's company car tax microsite provides comprehensive information about UK company car tax, including its link with CO2 emissions, 'Benefit-in-Kind' (BIK), current and future BIK rates, and a calculator to check the company car tax for specific models. Tax rates shown include the 2% rate for pure-electric cars, which took effect from April 2022 and runs until the end of March 2025.
Whether an employee 'user chooser' who receives benefit in the form of a company car, or the company providing this mobility benefit, the microsite provides all the information you need to select a low-emission and tax-efficient vehicle.
The microsite also provides information for companies and employers about the cost benefits of greener fleets including Class 1A NICs and Enhanced Capital Allowances for low carbon cars. While company car tax is a key cost issue, other vehicle taxes such as Vehicle Excise Duty or 'car tax' continue to apply – see the car tax microsite for more information.
Company car tax info
BIK rates 2022 - 2025
All you need to know about company car Benefit-in-Kind (BIK) – the tax payable on the use of a company car which is based on a car's official value, its official CO2 emissions and its fuel type. BIK rates are shown from 2022 - 2025 including the 2% electric car rate, for 2022/23.