Company car tax bands: how much will you pay? | Autocar

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If you've ever wondered how company car tax works and how much you will pay, our complete guide helps you navigate the process

are now largely frowned upon, with the result that emissions tests have become tougher for them. The latest – mandatory on all new diesels sold from January 2021 – is called Real Driving Emissions Step 2 .

Diesels registered before this date that aren't RDE2-compliant attract a 4% surcharge on their published BIK rate, up to 37%. Remember that if you’re considering a used diesel as your company car. To be clear, all new diesels are now RDE2-compliant, meaning the 4% surcharge doesn't apply. Diesel-electric hybrids are classed as alternatively fuelled vehicles so avoid a surcharge whether they're RDE2-compliant or not.Zero CO2 emissions ensures that electric cars enjoy the lowest BIK rate. In 2020/21, it was actually 0%; but in 2021/22, it rose to 1%; and from 2022/23, it's 2% until the end of the 2024/25 tax year. Either way, EV drivers pay much less company car tax than others.Owing to their low CO2 emissions, hybrid and plug-in hybrid cars enjoy the next lowest BIK rates.

There are five BIK rate bands for hybrids. Cars with an electric-only range greater than 130 miles attract a rate of 2% in the 2022/23 tax year . At the other extreme, those with an electric range of fewer than 30 miles fall into the 14% band.The Corsa is a big hit with company car drivers seeking sharp looks, good performance and a low tax bill.

 

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