VOLVO company car tax 2022

The list below shows company car information for all new VOLVO models. The results show P11D value, CO2 emissions, and VOLVO BIK rates for next three years. All tax rates shown reflect changes introduced in April 2020. These include 1% BIK for pure-electric cars and a shift to BIK rates based on WLTP-calculated CO2 emissions.

The company car tax payable by an employee is based on the vehicle's P11D value multiplied by the appropriate BIK rate (determined by the car's CO2 and fuel type) and the employee's income tax rate. To find the company car tax payable for a specific vehicle over the next three years use our company car tax calcuator.

Your results
Key

Petrol
Diesel
Hybrid
Plug-in
Hybrid
Electric
NGC
Rating
NGC
Approved
CO2
(g/km)
BIK rate
Yr1 2014/15
Value for
BIK calc

VOLVO XC40 Recharge Twin Plus 69kWh 231hp Automatic

P11D:
£46,235
CO2
0
WLTP
BIK Y1
1%
2021/22
BIK Y2
2%
2022/23
BIK Y3
2%
2023/24

VOLVO XC40 Recharge Pure Electric Twin 78kWh 408hp Automatic AWD

P11D:
£49,895
CO2
0
WLTP
BIK Y1
1%
2021/22
BIK Y2
2%
2022/23
BIK Y3
2%
2023/24

VOLVO C40 Recharge Pure Electric Twin Pro 78kWh 408hp Automatic AWD

P11D:
£57,345
CO2
0
WLTP
BIK Y1
1%
2021/22
BIK Y2
2%
2022/23
BIK Y3
2%
2023/24

VOLVO XC40 Recharge P8 R-Design 408hp AWD Automatic

P11D:
£53,135
CO2
0
WLTP
BIK Y1
1%
2021/22
BIK Y2
2%
2022/23
BIK Y3
2%
2023/24

VOLVO V60 Recharge Plug-in hybrid T6 AWD R-Design 340HP Automatic

Estate
Compare
P11D:
£47,170
CO2
20
19-46
WLTP
BIK Y1
7%
2021/22
BIK Y2
8%
2022/23
BIK Y3
8%
2023/24

VOLVO V60 Recharge Plug-in hybrid T8 AWD Polestar Engineered 405HP Automatic

Estate
Compare
P11D:
£53,245
CO2
22
22-46
WLTP
BIK Y1
7%
2021/22
BIK Y2
8%
2022/23
BIK Y3
8%
2023/24

VOLVO V90 Recharge Plug-in hybrid T6 AWD R-Design 340HP Automatic

Estate
Compare
P11D:
£55,115
CO2
45
45-57
WLTP
BIK Y1
11% 11-15%
2021/22
BIK Y2
12% 12-16%
2022/23
BIK Y3
12% 12-16%
2023/24

VOLVO V60 PHEV T8 Hybrid R-Design Plus 2.0 390HP AWD Automatic

Estate
Compare
P11D:
£50,850
CO2
46
38-55
WLTP
BIK Y1
11% 11-15%
2021/22
BIK Y2
12% 12-16%
2022/23
BIK Y3
12% 12-16%
2023/24

VOLVO XC90 Plug-in hybrid Recharge T8 AWD Inscription Expression 390HP Automatic

P11D:
£65,470
CO2
61
61-76
WLTP
BIK Y1
16% 16-19%
2021/22
BIK Y2
17% 17-20%
2022/23
BIK Y3
17% 17-20%
2023/24

VOLVO V60 PHEV T8 Hybrid Polestar Engingeered 2.0 405HP AWD Automatic

Estate
Compare
P11D:
£57,150
CO2
61
WLTP
BIK Y1
16%
2021/22
BIK Y2
17%
2022/23
BIK Y3
17%
2023/24

VOLVO BIK rates

VOLVO BIK rates are calculated based on the vehicle’s fuel type and official CO2 emissions.

To find a company car payable at 20%, 40% and 45% income tax rates click on a VOLVO model in the list above or use the company car tax calculator.

VOLVO BIK 2022
Chris Lilly

Author:Chris Lilly
Date Updated:20th Jan 2022

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