To find out the top tips to keep company car tax low, read the Employee Benefits article.
There has now been an introduction of low-emission company car tax rules.
Put in a CO2 cap
Cap the amount of CO2 emissions the company car produce, because benefit-in-kind tax is determined by CO2 emissions and the car’s list price. If the BIK tax is low, then employers can keep their National Insurance contributions down.
Example: cars under 50/km CO2 will attract no more than 9% BIK tax for the next 3 years, with the cost increasing to 13% in 2018-19.
ABAX’s triplog technology can highlight your fleet CO2 emissions.
Introduce green cars
The introduction of green cars (electric and plug-in hybrid electric) could perhaps increase the popularity of company cars among employees
Follow the manufacturer’s lead
Manufacturers strive to reduce emissions; therefore company car drivers can look to maintain lower tax rates.