New company car tax bands and rates tax year 2020-21

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New company car tax bands and rates tax year 2020-21

Electric cars are the future of the company car, the personal BIK cost is very low. For example, a £100k Tesla would cost a 40% Tax payer £66.66 a month, compare this to a £100k diesel 4×4 with a CO2 greater than 160g/km and it woudl be £1,233 a month.  This table will help you choose your next company car, it will show you how to save money on your personal tax liabilty.

For more information, or to obtain a contract hire or leasing quote on a new car or van, then call 0161 406 3936.

CO2 bands (g/km) – 2020 / 2021 tax year Electric range (miles) Percentage of list price to be taxed – PETROL (diesel +4%)
0 – 0 g/km 2
1 – 50 g/km >130 2
1 – 50 g/km 70 – 129 5
1 – 50 g/km 40 – 69 8
1 – 50 g/km 30 – 39 12
1 – 50 g/km <30 14
51 – 54 g/km 15
55 – 59 g/km 16
60 – 64 g/km 17
65 – 69 g/km 18
70 -74 g/km 19
75 – 79 g/km 20
80 – 84 g/km 21
85 – 89 g/km 22
90 – 94 g/km 23
95 – 99 g/km 24
100 – 104 g/km 25
105 – 109 g/km 26
110 – 114 g/km 27
115 – 119 g/km 28
120 – 124 g/km 29
125 – 129 g/km 30
130 – 134 g/km 31
135 -139 g/km 32
140 – 144 g/km 33
145 – 149 g/km 34
150 – 154 g/km 35
155 – 159 g/km 36
160 and above g/km 37 (max)

Electric range (miles) is the number of kilometres declared on the certificate of conformity or type approval certificate and multiplied by 0.62.

The CO2 differential favouring petrol over diesel in the current rates – see table below for 2016/17 – continues until 2020/21 when diesels with emissions over 149g/km will join the top band on 37%.

Image result for low emission cars bik

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