New rules for benefit in kind on company vehicles could increase employees' tax bills.

HOW WILL THE NEW VEHICLE BIK RULES IMPACT YOU AND YOUR STAFF?

New BIK rules may be costly for staff By Robert Lohan, Tax Director at DHKN From 1 January 2023 Benefit in Kind (BIK) on company cars will be calculated by reference to their CO2 emissions. The BIK on company vans will also increase, from 5% to 8% on this date. For many employees this will […]

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