The lowest-tax company cars: how to save a bundle on your Benefit in Kind bill

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Choosing an electric car or plug-in hybrid can significantly reduce the tax liability for company car drivers in the UK. Electric cars have the lowest Benefit in Kind (BIK) tax rates due to government incentives, making them an attractive option. The Dacia Spring is the cheapest electric car in terms of tax, with an annual tax bill of only £60. Other affordable electric options include the MG4 EV, Fiat 500, Nissan Leaf, and Renault Zoe. Plug-in hybrids also offer tax advantages, with the Mercedes-Benz C-Class being the cheapest to tax as a company car. The Mazda MX-30, Kia Niro, Audi A3 Sportback, and Mercedes-Benz GLC are also cost-effective options. For those interested in full hybrids, the MG 3, Toyota Yaris, Renault Clio, Mazda2 Hybrid, and Dacia Jogger offer low tax rates. Finally, the Kia Picanto is the cheapest petrol, diesel, or mild hybrid option in terms of tax. Choosing a car with low CO2 emissions and a low P11D value can help reduce the tax burden for company car drivers in the UK.

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