BIK tax calculator
When a company car is made available for the private use of an employee a 'benefit in kind' value is calculated in relation to the car, and the fuel if that is also provided for private use.
As a Lombard Vehicle Solutions customer you can access an online tool which:
- Allows you to calculate the 'benefit in kind' value of a company car and, if appropriate, the car fuel benefit
- Provides an indication of the Income Tax you would be liable to pay for the provision of company car and car fuel benefit
To access the calculator, please click the button below. The tool also includes other useful features available to Lombard Vehicle Solutions customers.