ZERO RATE BIK FOR COMPANY CAR OWNERS

The Government says that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21. In its long-awaited response to its review of WLTP and vehicle taxes, HM Treasury has binned the previously published BIK rates for 2020/21. Instead it has created two new BIK tables for company car drivers; a…