Benefit In Kind 2024. Hmrc takes the p11d value of your car and multiplies it by its bik rate. Use the co2 emissions ready reckoners to work out the percentage benefit for petrol powered and hybrid powered company cars.
As part of its continuing tax modernisation programme, the government has announced that from 6 april 2024 it will become mandatory for employers to process benefits. Instantly compare with taking a cash.