BMW UK, presumably like every other automaker selling cars here in the UK, said it was ready for the industry wide change to benefit in kind (BIK) tax for employee use of company cars registered from 6 April 2020 when BIK calculations will move from using NEDC CO2 data to WLTP measurement.
Fleet sales usually dominate private sales in the UK – of 149,279 January 2020 new car sales, 84,618 were fleet, 2,944 business and 61,717 private, according to the SMMT.
“The proactive approach adopted by BMW gives business customers full visibility of the resulting BIK percentage rates that will be applicable moving forward,” the automaker said.
The data ensures company car drivers can now order any vehicle with the reassurance of knowing how it will impact their tax liability for the next tax year, plus the subsequent 2021/2022 and 2022/23 tax years.
Prospective customers can see this data themselves by configuring their vehicle of choice on the automaker’s websites, with both NEDC and WLTP emissions information visible during the specification process.
Rob East, BMW UK general manager of corporate sales, 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 [car] works for them from a tax point of view. Without WLTP details, they simply have no way of knowing.”
At the Fleet World Great British Fleet Awards, BMW won Fleet Manufacturer of the Year and category wins for its 1 and 3 Series models.