Diesel cars that already meet RDE2 standards are currently exempt from a 4 per cent minimum surcharge to the Benefit-in-Kind (BIK) company car tax rate, which has been applicable to all diesel models since 2018, bringing significant savings to company car drivers and fleet operators.
Vauxhall’s latest electric and plug-in vehicles will also help company car drivers and businesses reduce costs. The all-new, all-electric Corsa-e attracts 0 per cent company car tax under the latest Government guidelines, rising to 1 per cent the next year and 2 per cent the following year. Electric vehicles were previously taxed at 16 per cent BIK.
Plug-in hybrids will equally benefit from changes to BIK rates. The all-new Grandland X Hybrid will cost just 10 per cent in BIK from 6 April 2020 onwards, compared to 16 per cent under the previous guidelines. This helps the Grandland X Hybrid achieve best-in-class BIK payments of £54 and £108 for 20 per cent and 40 per cent taxpayers.
From 6th April 2020, new BIK rates apply to all new registrations, with lower payments across most emissions brackets, apart from the most polluting vehicles. Many of Vauxhall’s new vehicles will achieve significant savings under the new Benefit-in-Kind (BIK) rates.