FAQ's

What is Benefit In Kind (BIK)?

This is a benefit that any employee receives which is NOT included in their salary. In this case a company car is classed as a BIK, which are taxed in accordance to the income of the employee.

What is P11D and what does the value include?

This is a form that must be completed by the employer and sent to the tax office every year. The P11D value includes the cost of the car (including RRP), VAT, added extras and any delivery costs. First registration fee and road tax are not included.

Why are CO2 emissions included in the pricing model?

Lower car emissions equals lower car tax bills. That is what makes Toyota a great choice for a company car thanks to our range of hybrid vehicles.