BMW UK is ready for the industry-wide change to benefit in kind (BIK) for company cars registered from 6 April 2020, when BIK calculations will move from using NEDC CO2 data to WLTP CO2 data. The proactive approach adopted by BMW gives business customers full visibility of the resulting BIK percentage rates that will be applicable moving forward.
The data ensures that company car drivers can now order any BMW or MINI with the reassurance of knowing how it will impact their tax liability for the next tax year, plus subsequent 2021/2022 and 2022/23 tax years.
All customers can see this data themselves by configuring their vehicle of choice on www.bmw.co.uk, with both NEDC and WLTP emissions information visible during specification process.
Rob East, General Manager of Corporate Sales at BMW UK, said: “With the BIK tax liability a key consideration for many company car drivers when choosing a new vehicle, it’s imperative that we provide our customers with this information. This transparency allows them quickly to make an informed decision as to whether their favoured BMW works for them from a tax point of view. Without WLTP details, they simply have no way of knowing.”
He added: “Ensuring the easy availability of these details underlines our drive to make it as straightforward as possible for business customers to purchase a new BMW. It also reflects the increased level of interest that there is in our key corporate models such as the new 1 Series and new 3 Series.”
The proactive approach adopted by BMW to this industry-wide change coincides with key corporate models winning numerous awards.
The 330e hybrid, with an all-electric range of up to 36 miles and BIK confirmed at 10 per cent, was recently named Best Plug-in Hybrid Car and Best Executive Car at the What Car? Awards 2020. The 3 Series also won the Safety Award, with the 5 Series taking the title of Best Luxury Car. The 1 Series, 3 Series and 5 Series were all category winners in the Company Car Today CCT100 Awards, including the 3 Series taking home the ultimate CCT100 Car of the Year Award.
There was more success at the Fleet World Great British Fleet Awards, with BMW winning Fleet Manufacturer of the Year and category wins for the 1 Series and 3 Series.