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UK Company Vehicle Tax Overview

In the United Kingdom a company vehicle is considered a very good job perk, but one which accrues its own separate level of taxation. You will be liable to pay tax for use of this vehicle for commuting and for any additional private use by yourself or your family; this is known as a “benefit-in-kind” (BiK). Despite this, around one million UK employees currently use company owned vehicles as a regular part of their job and daily lives.

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