Company car drivers to pay more

Company car taxation rules are quite complicated; I have tried to work them out in the past but gave up very quickly. What I have worked out though is that according to the current rules, cars in the lowest Benefit in Kind (BIK) tax band must emit less that 120g/km. But, from April 2012 this threshold is changing, in order to benefit from the low BIK cars will need to emit less than 99g/km.

Even though the change is not due to kick in till 2012, it can affect buyers acquiring new company cars this year. Customers buying a car that emits less than 120g but more than 99g/km now will have to pay the increase in tax next April.

Volvo Car UK’s National Corporate Sales Operations Manager, James Shires advised that company car drivers choosing a new vehicle in the coming months need to consider planned tax rule changes if they are to avoid being left out of pocket.

Fortunately there are now quite a few sub 99g/km CO2 producing models in the market now and James Shires was keen to highlight Volvo’s models. Volvo has DRIVe versions of the Volvo C30 hatchback, Volvo S40 saloon and Volvo V50 sportswagon, which emit just 99g/km CO2. These models are now also London Congestion charge free, highlighting the fact that environmentally conscious drivers do receive financial benefits.

James Shires said, "The C30, S40 and V50 DRIVe will be unaffected by the new rules thanks to CO2 emissions of just 99g/km, which ensure they will remain in the lowest tax band for diesel company car drivers."

There are many Volvo offers in Benfleet celebrating the range of DRIVe models, further enticing customers to take up more ethical motoring with Volvo.

Please continue reading here: Volvo offers in Benfleet