Company car drivers, take note!
Corporate car drivers choosing the smart 100% electric Nissan LEAF can now enjoy tax-free driving for 1 entire year commencing 6th April 2020, thanks to changes to the benefit-in-kind tax rates made by the UK government.
To clarify, benefit-in-kind tax basically means the lower the car’s purchase price, and the lower its emissions, then the less BIK tax you have to pay.
So with the revised BIK charges, zero emissions electric vehicle tax liability for company drivers falls from 2% to 0% for the tax year 2020/21!
The rates have also been reduced from 2% to 1% for 2021/22, before returning to 2% BIK from 2022 onwards.
Managing director of Nissan Motors (GB) Ltd, Kalyana Sivagnanam, is all too happy with these government changes;
“Electric vehicles like the Nissan LEAF already offer huge benefits to company car drivers, including a quiet and relaxing drive, great performance and the very latest Nissan Intelligent Mobility technologies. Add to this strong availability and minimal lead times and the LEAF offers a great opportunity for forward-thinking fleets.
We welcome these latest tax changes, which will add a further financial incentive for company car drivers to switch to zero tail pipe emissions fleet vehicles and help accelerate demand for electric cars.”
With the introduction of the Worldwide Light Vehicle Test Procedure (WLTP), this has resulted in a government review of CO2-based taxation for company car purposes. A modified table of WLTP-appropriate percentages has now been published for drivers, which highlights the tax cuts available over the next three tax years (2020-23) to company car drivers who wish to choose a zero emission vehicle.
To illustrate the choice you have, there are two efficient versions of the Nissan LEAF available; the 40KW version and the new LEAF e+, providing you with spectacular battery range and even ProPILOT as a standard feature in the e+ model.
So if you’re in the market for some fleet cars to equip your workforce, the Nissan LEAF and electric cars in general are great economical, efficient & environmentally-friendly options!
Discover more here how you can save money and the environment with the Nissan LEAF.