Company car tax
So how does this all work?
From April 2002 a graduated system of tax was introduced that uses a vehicles CO2 emissions to determine the amount of company car tax an individual pays on a company supplied vehicle. A vehicle's CO2 emission level determines the percentage of the vehicle’s P11D value (List Price) that can be taxed. This means that vehicles with lower CO2 emissions will incur a lower tax liability. This is only applicable to passenger cars, Light Commercial Vehicles (LCV’s) work on a different calculation using a fixed value of £3,430 multiplied by the individuals tax rate.
Select a vehicle below to view its BIK rates
Mitsubishi BIK Rates
Commercial Vehicle BIK assumes private use with no fuel benefit