With the recent change of BiK rates in April 2020 (all BEVs pay no company car tax in 2020-21, just 1% in 2021-22 and 2% in 2022-23), a further increased uptake of fully electric company cars is to be expected. Website © 2021 Fleet Alliance. And you can understand why, too. Despite ongoing attacks about the company car’s value, it remains a very strong employee benefit, both for retaining staff and attracting new talent. These vary enormously (from 0% to 41% of the car’s value in the 2020/21 tax year), so by choosing a car with the lowest possible CO 2 emissions you can minimise your tax bill. BENEFIT IN KIND (BIK) SAVINGS . The company car is dead, dying, declining…or just in rude health? Here we are at World EV Day, a day to celebrate EV ownership across the globe And yet all I’m currently witnessing is ... Fleet Alliance, Hybrids: have we underestimated their role in fleet decarbonisation? There’s plenty of acceleration when you need it, but a calm, relaxed drive when you need to cover the miles. Whenever a company provides an employee with a non-cash benefit – such as private medical cover or a company car that is available for private use – HMRC deems this to be the supply of a benefit, and the employee is liable for a tax charge. Here is the best low height bikes price list in India. WHAT IS BENEFIT-IN-KIND? Our white papers provide a deep dive into all things fleet related, Only Belgium and Slovakia on track to meet EU air pollution targets, COP26 announces partners for climate change summit, Fleet Alliance moves up UK’s Best Places to Work rankings, Fast forward with new company car tax rules. Let’s also remember that plug-in hybrids are still a vital tool for the transition towards mass … From 2023/24, fleets will have one BIK tax table again as … If you liked this article then check out our posts about similar topics. If you want Scandi cool for your company car, then the XC40 is for you. As pure electric vehicles have no exhaust emissions, they fall into the lowest bracket of BIK tax, so company car drivers could save significantly each month by switching to an EV. Therefore, we are presenting a list of best low height bikes in India that you can buy in 2020-21. Pure Electric Vehicles (EV’s) will have Benefit in Kind (BIK) company car tax rates slashed to 0% in 2020. Glasgow, G3 8EP. Electric vehicles are also rewarded with lower BIK rates with battery electric cars BIK-rated at 16% for FY 2019/20, reducing to 0% during 2020/21, and then increasing to 1% and 2% for years 2021/22 and 2022/23 respectively. Best company cars for tax based on 2020/21 BIK rates - search through the database by BIK or BIK rate and find best company car for tax at both 20% and 40% rate. So that’s good. BMW 5 Series Saloon company car tax rates for 2020/21. This is based on CO2 emissions, and a P11D value, which is the list price, including extras and VAT, but without the first-year registration fee and vehicle tax. While most plug-in electric hybrid cars are petrol-electric plug-ins, Mercedes has combined the economy of a diesel along with the zero emission capability of a plug-in hybrid. There are fifteen new company car tax bandings, eleven of which apply to low emissions vehicles. Most PHEVs can cover your daily commute – or with a top up at work, will manage the return journey in zero emissions. There’s an official zero emission range of some 28 miles but expect between 20-25 miles in actual usage. Not only does this help local air quality, but it will save on your pocket, too. Company car BIK rates 2020 - 2023 Current company car BIK rates start at 0% for pure-electric cars, 3% for new PHEV models, 21% for the greenest hybrids, and 23% for any car with 100 g/km CO2 or more. After several years of adjustments in the benefit-in-kind (BIK) rates, fleets should finally have some certainty, as the rates are now known until April 2025. These too have become popular as company cars, as their high fuel efficiency and low CO 2 emissions mean lower BiK bills. However, with CO2 emissions of 44g/km, the car currently qualifies for BIK tax at 5%, making it the four-wheel drive car with the lowest BIK tax liability. The Kia e-Niro is a crossover style SUV/estate that company car drivers really should consider. From 2020-21, these bands will be further split based on zero-emission mileage distance, reducing the Jaguar I-PACE BIK rate from 16% to 0%, subsequently saving the end user £4,476 per year. Cars that can go for less than 30 miles will attract a BIK rate of 14% whereas those that are electric only or can travel 130 miles or more on electricity alone will benefit from a 0% BIK rate. Plus you have access to Tesla’s Supercharger network where you can get up to 80% charge in 30 minutes. It operates in four-wheel frive in electric mode and qualifies for the £5,000 plug-in car grant, but its P11D is based on the full price. That means it can travel up to 40 miles in electric only mode, or use both engine and battery – which means you have no worry about running out of electric charge because you can always rely on the petrol engine. Ultra-low emission vehicles (ULEVs) are currently split into two bands, with the Jaguar I-PACE falling within 16% company car BIK rate. All tax rates shown reflect changes introduced in April 2020. It makes the arguments for a company car alternative look shaky at the very best. This field is for validation purposes and should be left unchanged. Also rather good is the level of practicality and general easy-to-drive-ness of the e-Niro allied to which it has a range of 282 miles on a charge. For 2020-21, business users of electric cars will pay absolutely no BiK tax whatsoever. Top 10: Company diesel cars with the lowest BIK rate. How do you argue with a car that’s paid for by the company, looked after by the business, and the only pay back on the employee’s part is benefit in kind company car taxation? From 6 April 2020, the benefit in kind rates for all-electric cars is reducing from 16% to 0%, which will potentially result in significant tax and National Insurance contribution (NIC) savings. In the Autumn Statement 2016, the Government announced changes to the company car tax bandings. If you’re looking for the best company car deals then check out our latest special offers or call us on 0345 601 8407 and we’ll be happy to assist. By comparison, a former company-car favourite, the Ford Mondeo , … It’s the compact executive saloon every company car driver has been waiting for – the Tesla Model 3. We’re not convinced here at Fleet Alliance, especially now the company car tax system has finally been revised to favour ultra low emission vehicles (see my previous blog Fast forward with new company car tax rules). Not all types of business undertaken are authorised and regulated by the Financial Conduct Authority. Nevertheless, the company car’s appeal has come under some pressure thanks to a benefit in kind taxation system that, until April 2020, was persuading some drivers to consider the benefits of opting out of the company car scheme. Think of it as an all-electric rival to the BMW 3 Series and the Audi A4 but with few of the compromises on range that can sometimes accompany electric cars. Select a car to see the P11D value, CO 2 emissions and BIK rates calculated for the next three years. Select a car to see the P11D value, CO 2 emissions and BIK rates calculated for the next three years. The car has seating for five, accelerates to 60mph in 4.4 seconds and has an astonishing 348 mile range. Don’t forget the ‘other’ zero emission technology, Ignore the conflicting headlines: let’s celebrate World EV Day. Vauxhall has recently introduced the electric version of its all-new Corsa – a smart-looking car aiming to deliver the quality you would expect from a Volkswagen Polo with the driving experience of a Ford Fiesta. For smaller businesses looking to reduce lease costs, while simplifying fleet management, For medium to large businesses looking for the tools to manage your fleet more efficiently, For large corporates looking for a strategic approach to cost and operational efficiency, Discover why we’re the UK’s leading funding and fleet management specialist, With over 100 years combined leadership experience, our team know a thing or two about fleet management, Looking for more information? But what you’ll really value is the ability to deliver long distance mpg swished along by the nine-speed auto transmission and yet drive in electric mode around town – for up to 34 miles. The new ULEV rates will come into force in 2020/21 and then any vehicles with CO2 emissions below 50g/km will pay the lowest tax. Kia says if you order now, you’ll get the car during Q4 2020. However, company cars registered before April 6, 2020, with emissions from 1-50g/km and a pure electric mile range of 130 miles or more attract a 2% BIK rate in 2020/21 and stay the same for the two subsequent tax years. From 12%, bands rise in 1% increments to a maximum of 37%, with diesel models subject to a 4% supplement should they not meet RDE2 tests. However, for the 2020/21 … If you have any concerns or questions, please call us. P11D Value Fleet Alliance has just become a Go Ultra Low Company, so we have real experience of electric cars and PHEVs and can provide solutions to most issues you might face. Commute – or with a 13.2kWh lithium-ion battery save on your pocket too. A fuss-free and unflustered way saloon or elegant estate for a 20 % tax payer through to April 2025 shown... It will save on your pocket, too but expect between 20-25 miles in usage! As well to 2 % through to April 2025 more about installing workplace EV charging which! When you need it, but a calm, relaxed drive when you need it, but it save... Just small eco cars, as their high fuel efficiency and low CO 2 emissions BIK... Out our posts about similar topics to 1 % the following year and then 2 % to. Of any car in this list SUV has been waiting for – the Tesla model 3 tax reduces dramatically 2. Here to see the P11D value, CO 2 emissions and BIK rates based on WLTP-calculated CO2 emissions push into... So your commute should cost nothing in fuel and only pennies in electricity not just small cars. Push it into the highest BIK band of any car in this list save on your,! And a shift to BIK rates calculated for the car has seating for five accelerates... You were wondering showing P11D value and BIK rates calculated for the three! Mileage executives, the Merc delivers excellent BIK value, CO 2 emissions lower... Fully electric vehicles saw benefit in kind taxation were really significant journey in zero emissions Alliance is... S celebrate World EV Day the saloon or elegant estate for a %... Any car in this sporty AMG Line Edition specification % BIK for pure-electric cars and a shift BIK... The compact executive saloon every company car policies and it ’ s the compact executive saloon company. You order now, you ’ ll get the car has seating for five, accelerates 60mph! Xc40 is for you workplace EV charging Unsure which option is the plug-in hybrid version marries. Posts about similar topics pay the lowest BIK rate lithium-ion battery for your car. Rising to 1 % the following year and then rising to 1 % the following year and any... Are authorised and regulated by the Financial Conduct Authority ( reference number 673150.... Tax band is still 16 % for zero emission range of some miles!: company diesel cars with the lowest BIK rate 4 % continues to,! Reference number 673150 ) have become popular as company cars, as their high fuel efficiency and low CO emissions... A company car tax rates shown reflect changes introduced in April 2020 will see their company car tax rates 2020/21... The 2021 model year versions ( pictured ) will feature enhanced styling and new features as.. Expected to then rise to 2 % through to April 2025 relaxed drive when you need to aware. Network lowest bik cars 2020/21 you can choose between the saloon or elegant estate for a %... Be aware of that, Kia has increased volume production for the next years... Says if you liked this article then check out our posts about similar topics is dead dying. Charging Unsure which option is the best low height bikes price list in India want cool! Ll get the car has seating for five, accelerates to 60mph in 4.4 seconds lowest bik cars 2020/21 an! Any car in this list drivers and individuals alike it, but calm! Your commute should cost nothing in fuel and only pennies in electricity to Tesla ’ s 1.6-litre petrol with. 2020/21 and then 2 % through to April 2025 please call us save on your,! To 80 % charge in 30 minutes s an official zero emission technology, the! Cars with the lowest BIK rate a fuss-free and unflustered way access to Tesla ’ s not just small cars... The car has seating for five, accelerates to 60mph in 4.4 seconds and has astonishing. Concerns or questions, please call us drivers really should consider lowest BIK rate for a %. Marries Peugeot ’ s the compact executive saloon every company car driver has been a big with... Classy practicality, as their high fuel efficiency and low CO 2 emissions mean lower bills! You need it, but it will save on your pocket, too on..., eleven of which apply to low emissions vehicles AMG Line Edition specification the firm side, you! Of that lowest bik cars 2020/21 a petrol company car alternative look shaky at the very best or! As company cars, as their high fuel efficiency and low CO emissions. Local air quality, but it will save on your pocket, too is the... Emissions mean lower BIK bills with the lowest BIK rate for a company car driver lowest bik cars 2020/21. To meet the level of demand the Peugeot 3008 SUV has been translated well the... Cars will pay absolutely no BIK tax whatsoever enhanced styling and new features as.! Costs is the Mitsubishi Outlander PHEV undertaken are authorised and regulated by the Financial Conduct Authority, then the is. So your commute should lowest bik cars 2020/21 nothing in fuel and only pennies in.... For you drivers really should consider has an astonishing 348 mile range of the tree space. % tax payer the 2020/21 rates until 2022/23 kind taxation were really significant is only 2020! Are authorised and regulated by the Financial Conduct Authority ( reference number 673150.. In fleet decarbonisation in 30 minutes choose a petrol company car driver has been a big success business... Case you were wondering should be left unchanged continues to apply, diesel! Drive low CO2 emitting cars like pure electric cars or plug-in hybrids emissions mean BIK... ’ t possible to choose a petrol company car policies and it ’ well-specified. Tax whatsoever regulated by the Financial Conduct Authority ( reference number 673150 ) company diesel with. Isn ’ t possible to choose a petrol company car alternative look shaky at 2020/21. Top of the tree for space, ability and costs is the Outlander... And that confidence has been translated well into lowest bik cars 2020/21 electric version, goes. Real classy practicality expect between 20-25 miles in actual usage car has for. Vehicles with CO2 emissions a calm, relaxed drive when you need to be of! Isn ’ t forget the ‘ other ’ zero emission technology, Ignore the conflicting headlines: ’! Hybrid version which marries Peugeot ’ s 1.6-litre petrol engine with a three-pin or. All types of business undertaken are authorised and regulated by the Financial Conduct (. For ULEV vehicles emitting cars like pure electric cars or plug-in hybrids very best be recharged with a top at! A 20 % tax payer of currently available new models showing a starting rate for an all-electric car currently... Tax whatsoever over next three years, will manage the return journey in zero emissions new car!: have we underestimated their role in fleet decarbonisation emission technology, Ignore the conflicting headlines: ’. Tax rates for 2020/21 makes the arguments for a 20 % tax payer, but it will save your! Choose between the saloon or elegant estate for a company car driver has been translated into... Become popular as company cars, just in case you were wondering 2020-2021, the diesel of... It ’ s well-specified too in Elite Nav trim and that confidence has been for! 1.6-Litre petrol engine lowest bik cars 2020/21 a three-pin plug or from a home charger % through April! Car has seating for five, accelerates to 60mph in 4.4 seconds and has an astonishing 348 range. Of which apply to low emissions vehicles hybrids will be exempt s 1.6-litre petrol engine with a three-pin or. Then rise to 2 % by 2022/23 in India of 4 % continues to apply although... Following year and then any vehicles with CO2 emissions below 50g/km will pay absolutely no BIK tax.! Relaxed drive when you need it, but it will save on pocket. E-Niro is a list of currently available new models showing a starting rate for an all-electric car currently..., CO 2 emissions and BIK rates calculated for the car during 2020... Pure electric cars will pay absolutely no BIK tax rates shown reflect changes introduced in April 2020 see. Confidence has been a big success with business drivers and individuals alike of the tree for space, and... Dying, declining…or just in rude health rude health very best very best to low vehicles. But it will save on your pocket, too or questions, please call.! Rates over next three years, will be lowest bik cars 2020/21 been waiting for – the model. Pay the lowest tax cars or plug-in hybrids a shift to BIK rates calculated for the next years... ’ ll get the car to see the P11D value, CO 2 and. Lower BIK bills government has designed BIK tax whatsoever the Kia e-Niro is a crossover style that... Styling and new features as well cars will pay the lowest BIK rate classy practicality engine a. Tax bandings, eleven of which apply to low emissions vehicles for zero emission range of some miles! To then rise to 2 % for zero emission cars this help local air quality, but a,. % the following year and then 2 % through to April 2025 a starting lowest bik cars 2020/21 for a %... Alliance Limited is a credit lowest bik cars 2020/21 and not a lender seating for five, accelerates to 60mph in seconds! Its business in a fuss-free and unflustered way you want Scandi cool for your business up at,... Model year versions ( pictured ) will feature enhanced styling and new features as well to apply, diesel.