Company Car Tax UK 2026: Benefit-in-Kind (BiK) Rates Explained
Company car tax is paid on Benefit-in-Kind (BiK) for personal use of an employer-provided vehicle. 2026-27 EV BiK rate rises to 3% (from 2%). Hybrid BiK bands depend on electric-only range. BiK is calculated on P11D value × BiK % × your marginal tax rate. Here are 2026 rates and worked examples.