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The Government has announced a new tax measure for PHEV company cars.* This PHEV easement is available on qualifying vehicles made available to employees between 1st January 2025 and 5th April 2028. For vehicles purchased between these dates, the protection will run until 5th April 2031.
This means BIK tax on Toyota C-HR Plug-in Hybrid has been reduced to only 10%, making this model an even more attractive proposition for company car drivers.
Make an enquiry to discuss this further with your local Business Centre Manager.
*Full legislative details here.
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 self-charging and plug-in hybrids and all-electric vehicles.
Please note P11D price from is the for the base grade, whilst our images may be of a higher specification.
Tax calculation based on 20% tax payer for tax year 26/27, on base model with no optional extras chosen.
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