benefitinkind on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/benefitinkind/Recent content in benefitinkind on Birmingham DailyHugo -- gohugo.ioen-usWed, 08 Apr 2026 05:15:33 +0000HMRC Implements New Benefit-in-Kind Tax Rates, Affecting Thousands of Company Car Drivershttps://birminghamdaily.co.uk/hmrc-implements-new-benefit-in-kind-tax-rates-affecting-thousands-of-company-car-drivers/Wed, 08 Apr 2026 05:15:33 +0000https://birminghamdaily.co.uk/hmrc-implements-new-benefit-in-kind-tax-rates-affecting-thousands-of-company-car-drivers/HM Revenue & Customs (HMRC) has introduced new Benefit-in-Kind (BiK) tax rates effective this week, impacting thousands of company car drivers across the UK. These changes affect drivers of petrol, diesel, and electric vehicles alike, with many facing higher tax charges under the revised scale. The updated BiK rates, which came into force on April 6, signal a significant shift in how employers report and collect taxes on company car benefits.